ADVERTISEMENT

More than 50,000 apply for home renovation subsidies

Figures

Photo by ESB Professional/Shutterstock.com

More than 50,000 families raising children have applied for home renovation subsidies since the launch of a two-year government scheme in January, Minister for Families Katalin Novák said in a video message posted on Facebook on Saturday.

Novák said the applications have been made for around HUF 65 billion in subsidies.

Under the scheme, the government is offering to cover up to half of home renovation costs, with a grant capped at HUF 3 million, for families with at least one child. Families may take out a subsidized loan to cover the other half of project costs.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.