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Gov't calls HUF 100 bln tender for Ginop Plusz subsidies

Government

Companies can apply for HUF 100 billion of additional business development subsidies as part of the "Ginop Plusz" tender, State Secretary for Economic Strategy and Regulation László György said, according to business daily Világgazdaság.

The tender aims to increase productivity and promote technological and organizational renewal of micro-, small- and medium-sized enterprises in the production and service sectors, György said.

Businesses can apply for support for technological developments, including infocommunication technologies and the use of business cloud services, infrastructure and real estate investment, consultancy and training services, and renewable energy technologies.

Successful applicants will be awarded conditionally reimbursable funding between HUF 10 million and HUF 200 mln with 70% funding intensity. Applications opened yesterday for the first HUF 80 bln share of the extra funds, and the remaining HUF 20 bln may be applied for from Jan. 27.

Hungary's government has so far provided HUF 210 bln in business development subsidies to some 1,700 companies as part of the program, György said.

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