Gov't Extends SME Energy Subsidies Through Q1
The government has extended a subsidy program for SMEs challenged by higher energy prices through the first quarter of 2023, Economic Development Minister Márton Nagy said on Tuesday, state news wire MTI reports.
Under the scheme, the government is compensating SMEs in energy-intensive manufacturing sectors as well as in the commercial accommodations business for up to half of the increase in their energy bills.
Nagy noted that the government decided earlier to broaden eligibility for the scheme by lowering the threshold for energy costs-to-revenue from 3% to 2%.
An energy efficiency investment program is coupled with a scheme. The allocation for both is HUF 100 bln in 2022 and HUF 120 bln in 2023.
Over 36,000 SMEs are eligible for the programs.
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