Gov't calls HUF 30 bln tender to support microbusinesses

Government

The government is launching the Hungarian Village Enterprise Restart Program, allocating HUF 30bn to support microbusinesses, Finance Minister Mihály Varga said in a video on his Facebook page, according to a report by state news wire MTI.

Companies employing fewer than 10 people can apply for HUF 2 million to HUF 10 million of funding for purchasing new equipment and machinery, real estate investments, and technology upgrades.

The tender could help around 3,000 companies, Varga said. The government attaches great importance to supporting enterprises operating in small settlements and disadvantaged areas, he added.

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