Over 3/4 of Business Subsidies Go to SMEs

Analysis

More than three-fourths of subsidies for businesses in Hungary go to SMEs, government commissioner László György said on public television on Tuesday, according to a report by state news wire MTI.

Microbusinesses and SMEs account for two-thirds of jobs in Hungary and half of the value added in the economy, György said on news channel M1.

Data presented in the program segment from the Macroeconomic Institute showed that 77% of the over HUF 3.6 trillion in investment, job protection and creation, and R&D subsidies that went to businesses in the three years to February were awarded to microbusinesses and SMEs, while 23% went to big companies.

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