Gov’t presents development funding for ethnic Hungarians in SW Ukraine

Deals

Hungaryʼs government is informing ethnic Hungarians who live in Zakarpattia Oblast, the area of southwest Ukraine bordering with Hungary, of HUF 20 billion in grant money and preferential credit they can apply for this year, Minister of State for Economic Diplomacy Levente Magyar told Hungarian wire service MTI on Thursday.

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.

MET Group Records 2nd Most Profitable Year in 2023 Energy Trade

MET Group Records 2nd Most Profitable Year in 2023

Gov't Considering Fuel Price Intervention Government

Gov't Considering Fuel Price Intervention

Nat'l Economy Minister Presses for Incentives to Boost E-Mob... Automotive

Nat'l Economy Minister Presses for Incentives to Boost E-Mob...

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.