Business infrastructureEconomy & Policy

Government launches new SME support program

SMEs working in energy-intensive industries, as part of manufacturing chains, can receive public support for job protection.

Gergely Gulyás, minister at the Prime Minister’s Office, spoke twice during the government briefing about the support scheme for energy-intensive SMEs, but did not yet announce any substantive details. 

He said that Hungarian small and medium-sized enterprises, especially energy-intensive companies, are in big trouble because of energy prices and that the closure of one energy-intensive company should be prevented from bringing down entire supply chains.

A job protection program is also needed, he said. 

As an example, he said that if the energy-intensive glass industry were to shut down, the automotive and machinery industries would also shut down, leading to mass layoffs. This is what the government is trying to prevent and why it will move forward with the support program.

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