Gov't to Make HUF 130 bln of 0% SME Credit Available From Q2

Banking

The government will make HUF 130 billion in 0% credit available to SMEs to boost competitiveness from the second quarter, the National Economy Ministry said on Monday, according to a report by state news wire MTI.

The credit will be available as part of HUF 450 bln earmarked in the framework of phase one of the Ginop Plusz European Union-funded program for economic development, the ministry said.

The loans, between HUF 10 mln and HUF 100 mln, will be available to microbusinesses and SMEs across the country, with the exception of the capital, to invest in equipment and energy efficiency upgrades as well as training or consulting services.

Details will be announced in March and applications could be accepted from April.

E.ON Survey Shows Support for Renewables, Need for Innovativ... Green Energy

E.ON Survey Shows Support for Renewables, Need for Innovativ...

Hungary in Talks on Attracting More Chinese Investments - Sz... Int’l Relations

Hungary in Talks on Attracting More Chinese Investments - Sz...

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This June

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.