Economy & Policy

Government energy subsidies for micro-enterprises

Micro-enterprises have been a focus in the past and will continue to be so in the future.

Speaking at the International Regional Exhibition and Fair in Felsőrajk, Minister of Technology and Industry László Palkovics said that small businesses, including micro-enterprises, have been a focus of attention in the past and will continue to be so in the future. The government’s measures will have a positive impact on their operations, and micro-enterprises can also benefit from the reduction of utility costs in the future.

The measure aims to ensure that small businesses can operate and that their business model is not damaged by the energy crisis, he added.

Hungary currently has the lowest electricity and gas prices in Europe, he added.

Palkovics pointed out that in the next four years, the development of the food industry will be a priority in addition to energy and industrial development. In relative terms, most resources will be allocated to these areas.

State Secretary of the Ministry of Construction and Investment Bálint Nagy said that thanks to the Hungarian Village Program and subsidies, development had started in small villages. This shows that the population of small villages is growing and young people have a vision for the future, he concluded. 

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