Hungary Govt Wants To Convince EC To Approve Grants To SMEs
- 27 Nov 2014 8:00 AM
The Hungarian government intends to give grants to small and medium-size businesses in the manufacturing industry, and will try to convince the European Commission to approve the move, economy ministry state secretary Béla Glattfelder said.
The EC is of the view that nonrefundable monies should be granted only in exceptional and highly justified cases, that is why it has not given green light to the government’s economic development and innovation operative programme (GINOP) under which the government has called tenders for manufacturing industry SMEs for 8.5 billion forints (EUR 27.8m) in grants.
The money tendered under GINOP has been advanced by the central budget, Glattfelder said, adding that EU monies could retroactively finance the programme if Brussels gave it go ahead.
Source www.hungarymatters.hu
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