The government is devoting “an exceptionally high amount” of 137 billion forints (EUR 383m) to boosting the research and development of Hungarian companies, the finance minister said on Friday. Meanwhile, average wages in Hungary grew by an annual 8.2 percent in May, the Central Statistical Office (KSH) said on Friday.
The number of companies that may take advantage of the tender could reach 300, Mihaly Varga said in a video on Facebook, adding that the scheme was part and parcel of relaunching the economy and staying competitive in a changing global economic environment. Companies forming
new products, technologies or services can apply for the government grants.
Innovation, industrial research and asset acquisitions are also among the scheme’s competitive criteria, he added.
Meanwhile, average gross wages came to 431,600 forints (EUR 1,204), while net earnings were 287,000. Gross wages not accounting for bonuses came to 402,900 forints, up an annual 7.8 percent.
Gross wages in the private sector grew by 6.7 percent, while public sector salaries increased by 10.6 percent.
In the first five months of the year, both gross and net average wages rose by annual 9.4 percent.