In April and May, funds can be requested for economic development in the first round. Micro, small and medium-sized enterprises can receive funds for modern business and production activities; support will then be provided for Hungarian multi and Green national champion projects.
The Prime Minister’s Office has also indicated that EU funds will be spent along specific policy objectives, namely to make Hungary among the five most livable member states of the European Union by 2030. Thus, for example, green and digital developments are given significant emphasis, and encouraging actors in these fields is a priority.
Key areas include economic development, competitiveness, infrastructure and job creation.
The ministry recalled that the European Union’s framework budget, the Multiannual Financial Framework (MFF), sets the budget for the period 2021–2027. The total amount of this and the Next Generation EU recovery instrument is approximately EUR 1.8 billion (HUF 651 billion).
Hungary’s share of the MFF is almost EUR 30.8 billion (HUF 11.1 trillion), and together with the Next Generation EU, it is EUR 51.6 billion (HUF 18.7 trillion).
Within the MFF, Hungary receives the largest amount from the framework of the Common Agricultural Policy (CAP) in addition to cohesion funds. The amount of CAP resources available in the period 2021–2027 will be EUR 10.6 billion (HUF 3.8 trillion).
The coronavirus crisis has forced the European Union to introduce new instruments and forms of financing. The Recovery and Resilience Instrument (RRF) aims to provide support to accelerate public investment and reforms in the post-epidemic period.
Within the framework of the RRF, investments totaling EUR 16.8 billion (HUF 6.1 trillion) will be implemented in Hungary. Of this, EUR 7.2 billion was a grant (more than HUF 2.6 trillion), and EUR 9.6 billion (more than HUF 3.5 trillion) was a loan.