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Marengo opens HUF 191m SME incubator in Szeged

Marengo on Thursday said it opened a HUF 191m SME incubator in Szeged (S Hungary).

Marengo used HUF 60m of its own money and a HUF 131m European Union grant to transform a four-storey office building into a low-rent space for recently established SMEs.

Marengo aims to attract young entrepreneurs from abroad as well as Szeged, which is close to borders with Romania and Serbia.