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Ministry of Finance announces HUF 20 billion fund for Hungarian enterprises

New tenders for building energy developments across Hungary will launch on Monday.

The Ministry of Finance has announced that a total of HUF 20.4 billion of European Union funds will be available to Hungarian enterprises for energy projects. Businesses can each apply for a maximum HUF 100 million of non-refundable development funds starting next week.

The call for proposals under the Economic Development and Innovation Operational Program (GINOP) serves to enhance environmentally conscious economic competitiveness and reduce the environmental burden and alleviate overhead for businesses, while contributing to climate protection at the same time. 

The funds will enable, among other things, the installation of solar systems, use of heat pump systems, improvement of the thermal performance of buildings, modernization of hot water systems, and energy-efficient conversion of indoor lighting systems. Beneficiaries will have a maximum of 24 months to carry out the projects.

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