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ITD Hungary to rethinks operative structure

According to press information, investment support firm ITD Hungary Kht will introduce a new company strategy from March and change into a Zrt from June.

ITD Hungary Kht will provide more efficient support to SMEs and will pay subsidies with a simplified method after the change. ITD has a budget of Ft 3.5 billion this year and was established in 1993.

Currently, subsidies are managed paralelly by ITD and the Economy Ministry, producing a number of redundancies. From March on, ITD will alone control business partner search, regional contact building and the management of state subsidies. (Népszava)