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Gov't decides to invite EU grant recipients to apply for compensation

The Hungarian government decided to invite recipients of EU project grants to apply for compensation for exchange rate losses, National Development and Economy Minister István Varga said.

The compensation will be made available to companies that have already won EU development grants for projects with a high import content, are not behind deadline, and calculated with a much stronger forint than the current rate in their grant applications, Varga said.

The government will publish tenders in May for HUF 20 billion in job preservation support for microbusinesses and SMEs, and a further HUF 10 billion of the support for big companies, Varga said. HUF 16 billion of the HUF 20 billion for microbusinesses and SMEs will go to companies in disadvantaged regions. (MTI – Econews)