Hungarian government launches EUR 21m support scheme for green economy capacity upgrades

Finance Minister Mihály Varga on Monday announced a tender for 7.3 billion forints (EUR 21m) in European Union and state grant money to support green economy capacity developments.

Companies may apply for grants of between 20 million and 400 million forints to acquire new equipment, upgrade technology, or invest in infrastructure or real estate, Varga said.

The grants are available to microbusinesses and SMEs. Applications will be accepted from August 31.

Supporting SMEs is especially important during the coronavirus crisis as it contributes to job creation and can help maintain the competitiveness of Hungary’s economy, Varga said.

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Source: MTI