30 Hungarian SMEs awarded grants
Minister of Foreign Affairs and Trade Péter Szijjártó yesterday presented certificates awarding 30 Hungarian SMEs grants to promote exports, according to origo.hu.
The companies are among 46 awarded HUF 2 billion in funding earmarked to support brand-building abroad, preparations for small investments and establishing online sales channels.
SMEs could apply for up to HUF 50 million in the scheme organized by the Ministry of Foreign Affairs and Trade in cooperation with the Hungarian Export Promotion Agency (HEPA).
János Kóka, a former liberal Free Democrat (SZDSZ) economy minister who heads of one of the recipients, Cellum, which develops mobile payment solutions, said Hungaryʼs market is small, which is why local software developers need to find their place on the global market.
At the same time, their lack of resources make them easy acquisition targets, which is why they are in need of state support, he added.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
