Hungarian economy to grow at the third fastest rate in the EU in 2021
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The government has allocated some 210 billion forints (EUR 580m) in development support to be received by 1,700 Hungarian companies, Finance Minister Mihály Varga said on Thursday.
Varga said on Facebook that the companies would get the support mainly to improve competitiveness and efficiency with the help of purchasing new technology and modern equipment to strengthen their digital development. A tender invited for research, development and innovation support dubbed Ginop Plus in mid-July attracted more interest than previously expected and “seeing that, we decided to make available the entire allocation of 200,000 billion forints”, Varga said.
In order to help the relaunch of the economy, the assessment of applications has been carried out in an accelerated procedure and decisions were made in two and a half months, he said. He added that Hungary would not wait for transfers to arrive from the European Union but payments to the companies would be advanced from the budget in an effort “to preserve our advantage in the relaunch”.
In order to help the relaunch of the economy, the assessment of applications has been carried out in an accelerated procedure and decisions were made in two and a half months, he said. He added that Hungary would not wait for transfers to arrive from the European Union but payments to the companies would be advanced from the budget in an effort “to preserve our advantage in the relaunch”.
Fantastic!