News in Brief
181bn forint EU-funded program to support SME innovation launched
Minister Hankó said over HUF 106bn of the program funding would go toward investments that aimed to boost Hungarian SMEs' exports.
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News in Brief
National Economy Ministry to boost SMEs and tourism sector
Small and medium-sized enterprises are a major pillar of Hungary’s economy.
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Government to call 35 billion HUF tender to support innovative projects
The funding will be targeted at projects in the areas of digitalization, healthcare and the green transition that produce patents and products that generate revenue.
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Finance Minister: HUF 100 billion available for Hungarian SMEs
SMEs may apply for funding of between HUF 10 million and 200 million to buy new equipment, make IT developments, acquire real estate and make the switch to renewable energy.
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Smart Specialisation Strategy puts SMEs in focus in Hungary
The S3 strategy identifies priority areas of support which include agriculture and food production, healthcare, digitalization of the economy, creative industries, energy, services and cutting-edge technologies.
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Hungarian government to fund digital development of SMEs
SMEs with at least one completed business year under their belt will be eligible for grants between HUF 10 and 630 million.
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Government increases budget for supporting green SME initiatives
The Hungarian government is increasing the budget for subsidising green investments made by SMEs by HUF 20 billion (EUR 56m) to almost HUF 50 billion.
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Hungarian government introduces new interest-free loan to help SMEs
PM Orbán said SMEs can raise an interest-free loan with ten-year maturity of up to HUF 10 million (EUR 28,000), with repayments deferred by three years.
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Finance Minister unveils HUF 137 billion credit scheme for small businesses
Mihály Varga said interest-free credit is to help businesses weather the coronavirus epidemic and prepare for the competition after the recovery.
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HUF 12 billion pot available for SMEs to create jobs in Hungary
SMEs can submit applications for part of a HUF 12 billion fund if they can commit to increasing their number of employees by at least three.
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GINOP program to provide HUF 12 billion to help SMEs increase employment
The GINOP program will provide HUF 12 billion to help micro, small and medium-sized enterprises increase employment across Hungary.
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Design Terminal launches new program for start-ups and SMEs
The “X-Europe" program will offer training, mentoring and the possibility of building ties with prospective investors.
News in Brief
Joint Hungary-US fund supporting SMEs in the US export market has been established
“We expect the Columbus Fund will help Hungarian businesses succeed in the US market and boost Hungary’s export performance,” the foreign minister said.