HUF 2 bln funding program to be launched for SMEs

Government

Minister of Foreign Affairs and Trade Péter Szijjártó announced the launching of a HUF 2 billion SME funding program in a video posted to his Facebook page, according to a report by government website kormany.hu

The minister noted that the new global economic era which is emerging as a result of the coronavirus pandemic holds both challenges and opportunities for countries like Hungary in which exports play a determining role in relation to the performance of the economy.

"For this reason, the government is launching a new funding program for Hungarian small and medium-sized enterprises that are exploiting the new beginning to achieve success on foreign markets," he said.

Applications for up to HUF 50 million per enterprise with relation to foreign brand-building, the preparation of small investment projects, and the development of online distribution channels may be submitted from August 3 this year. Applications for funding within the framework of the program may be submitted via the Hungarian Export Promotion Agency (HEPA) website.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.