Gov’t expands subsidy program for buying bank card terminals
pixabay
Hungaryʼs government has decided to offer subsidies for the purchase by businesses of another 30,000 bank card terminals, the Minister for National Economy said yesterday, according to Hungarian news agency MTI.
Under a government program launched last December, some HUF 2.4 billion in subsidies supported businessesʼ purchase of 30,200 bank card terminals.
Small businesses will benefit most from the subsidies, said state secretary Ágnes Hornung.
Boosting the number of bank card, rather than cash, transactions fits well with government measures to crack down on tax evasion.
The number of point-of-sale bank card terminals at merchant outlets rose 10% to 112,700 in Q1 from the same period a year earlier, the latest data from the National Bank of Hungary shows.
ADVERTISEMENT
Motorists Pay HUF 50,859 in Vehicle Insurance Premiums
BKK Steps up Airport Shuttle Bus Service
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.
