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Soviet barracks converted into business incubator at cost of HUF 400m

CAN Kft is converting an old Soviet barracks in Lovasberény (NW Hungary) into a business incubator at a cost of HUF 400m, managing director Domonkos Quirico told MTI on Thursday.

Half of the cost of the investments is covered by European Union and state grants, Quirico said.

The incubator will offer space and services to 16 small businesses.