Gov't supports Brexit affected businesses with HUF 22 bln
The government is already advancing about HUF 22 billion of EU support to Hungarian companies struggling with Brexit this year, Minister of Foreign Affairs and Trade Péter Szijjártó announced after the meeting of the operational corps responsible for the resumption of economic life, profitline.hu reports.
According to Szijjártó, between 2022 and 2025, approximately HUF 22 bln of funds would be available for companies in difficulty in Hungary due to Brexit, based on the decision of the European Commission.
The minister said the European Union would only provide this resource until 2025, so another economic decision was needed. "We have decided to advance this European Union funding from national sources, thus providing a tender opportunity for those companies that are now facing difficulties and challenges due to Brexit," Szijjártó declared.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.