Economy & Policy

Nearly HUF 30 billion tender announced

As part of the Action Plan to Reboot the Economy, companies can apply for development funds via four calls.

The Minister of Finance Mihály Varga announced in his latest video that almost 1,000 domestic companies could apply for the tenders starting this week. 

Around 800 businesses in disadvantaged settlements can benefit from one tender, providing jobs for those who live there. The government is paying special attention to disadvantaged settlements, and companies can get HUF 2 million to HUF 60 million in support. 

The other tenders will support investments by companies in the food industry, plastics and fashion and design. With support of between HUF 5 million and HUF 500 million, they can buy new machines, expand their sites, modernize and pay for employee training or wages, he added.

The government wants as many Hungarian companies as possible to take part in the relaunch of the economy, Varga said.

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