• Home
• Channel: Business
• Video: New Subsidy Scheme To Improve Competitiveness Of Companies In Hungary

Video: New Subsidy Scheme To Improve Competitiveness Of Companies In Hungary

• 2 Jun 2020 7:39 AM

On the 19th March the European Commission has adopted a temporary framework according to which member states have the opportunity to introduce state aid programs to support companies which are adversely affected by the current coronavirus pandemic.

Accordingly, on the 20th April, following a successful notification process, Hungary has launched a program to improve competitiveness of companies.

According to the program, investments can be supported up to EUR 800,000 and for companies which decide to start these new investments, the maximum aid intensity is 50%.

Source: 
Hungarian Investment Promotion Agency - HIPA

Related links

Over 500 Companies Apply For Subsidy In Hungary To Promote Competitiveness

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Subsidy Scheme Competitiveness

Explore More Reports

Microbusinesses to Become Eligible for Regulated Electricity Prices

• 20 Nov 2024 12:33 PM

Microbusinesses will become eligible for participation in the regulated electricity price scheme for households from January, Energy Minister Csaba Lantos said in a video message posted on social media.



Hungarian Transport Ministry “No Longer Friends” With Siemens As Train Maintenance Breaks Down

• 21 Oct 2024 3:53 PM

János Lázár, Minister of Transport announced a railway renewal worth hundreds of billions of forints. However, new Siemens Desiro motor trains continue to rest in a garage. According to the national railway company, their refurbishment is stalled “due to disruptions in the supply of spare parts, which also affect Austria”.



Tourism in Hungary Generates 12% Of GDP - Big Changes Ahead Via Deregulation Package?

• 15 Oct 2024 12:44 PM

National Economy Minister Marton Nagy presented a 16-point deregulation package drafted together with the Hungarian Tourism Agency at a press conference.



Tisza Calls for 'High-Paying Jobs Over Battery Slave Work' in Hungary at Car Plants

• 10 Oct 2024 7:14 AM

Hungary should support more competitive and higher value-added auto industry investments instead of becoming "a cheap assembly base of polluting Chinese companies", the opposition Tisza Party said.