The funding and credit can be used by SMEs or farmers to make investments, Magyar said. The funding allocation can be topped up, he added.

A presentation for potential applicants held in Tiachiv generated much interest, he said. The presentation was part of a two-day tour of the Zakarpattia region, he added.

Last year, some HUF 2 bln in economic development funding from the Hungarian government went to more than 1,000 ethnic Hungarians in the region.