• Home
• Channel: Travel
• EC Clears Euro 280 Million Travel & Tourism Recovery Scheme in Hungary

EC Clears Euro 280 Million Travel & Tourism Recovery Scheme in Hungary

• 31 Mar 2022 1:33 PM
• Hungary Matters

The European Commission on Wednesday said it approved a 280 million euro Hungarian investment scheme to support a sustainable recovery of the tourism sector.

Under the scheme, companies in commercial accommodations, catering, recreation and other tourism-related businesses may apply for grants up to 2.8 million euros to support investments.

It is expected to benefit around 1,000 companies in the tourism sector which has been hit hard by the coronavirus crisis.

The EC concluded that the scheme is “necessary, appropriate and proportionate to facilitate the development of certain economic activities, which are of importance for a sustainable recovery of the economy”.

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

• Travel Tourism

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Orbán’s Daughter: New Mandarin Oriental in Budapest to Lure Wealthy Asians

• 8 Nov 2024 7:36 AM

The BDPST group has set its sights on rich Asians as it renovates the Hotel Gellért with plans to reopen the hotel in 2027, prime minister Viktor Orbán’s daughter, Ráhel Orbán, told a Thursday conference.



Nine New Cities in Budapest Airport’s Winter Schedule

• 28 Oct 2024 7:05 AM

The bazaars of Marrakech, the Guggenheim Museum, Parisian romance, the famous Pink City - Budapest Airport’s winter schedule, which comes into effect at the end of October, when the clocks go back, is a sure-fire recipe for winter lethargy.



5 Most Popular Destinations in Hungary Revealed for Autumn School Holiday

• 21 Oct 2024 7:20 AM

Bookings at tourism accommodations over the autumn school holiday, between October 26 and November 3, are up 9pc from last year's break, bookings site Szallas.hu said.



Foreign Tourist Numbers Up Significantly This Summer In Hungary - From Which Country Did they Increase the Most?

• 14 Oct 2024 6:26 AM

The number of foreign tourists who visited Hungary during the summer was over 3 million, rising 14pc from the same period a year earlier, Visit Hungary, a unit of the Hungarian Tourism Agency said.