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Another HUF 140 billion in support for Hungarian businesses

Companies can apply for funding to boost business R&D and innovation under GINOP Plus.

As MTI reported, Finance Minister Mihály Varga wrote on his Facebook page that the budget can provide hundreds of Hungarian businesses with support for research and development and innovation.

Companies can apply for funding for the development of new products, technologies or services; experimental development; industrial research; equipment procurement; and market entry, he said.

Even after a successful economic recovery, it is important that Hungarian businesses continue to make progress in R&D and innovation, Varga said, adding that R&D is one of the keys to remaining competitive in a changing global economy.

Applications for support can be submitted at www.palyazat.gov.hu

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