Hungary increases EU funding pre-finance limit to 100%

Sights

The Hungarian government raised the pre-financing limit for European Union funding from 50% to 100%, according to a report published by daily business newspaper Világgazdaság today.

The new rules will allow anyone to request pre-financing over 50% if they can demonstrate a good supporting liquidity plan.

Recipients of EU funding in Hungary are eligible for up to 50% refinancing of the total amount they have been designated, with a total cap of HUF 1 billion for individuals, civil organizations, churches, and small- and medium-sized enterprises.

The pre-financing starts at 75% for R&D projects and increases to as much as 100% for funding below HUF 500 million or for local councils, organizations funded by the central budget, and state-owned companies separated from the State Treasury.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.