Hungary earmarks EUR 28.7m for infrastructure, economic investments in NE Hungary, Transcarpathia
Budapest (MTI) – The government has earmarked about 9 billion forints (EUR 28.7m) for infrastructure investments and economic development programmes in northeastern Hungary and Transcarpathia for this year and the next, a foreign ministry state secretary said on Saturday.
Levente Magyar said 1.5 billion forints will be allocated towards the construction of a fruit processing plant in Tarpa in Szabolcs-Szatmár-Bereg county and a bicycle path between the town and Badalovo (Badaló) in Transcarpathia. Plans are to have the fruit processing plant completed in 2017, Magyar said, adding that the government will soon begin official talks with the Ukrainian government about the construction of the bicycle path.
The government will earmark 2.5 billion forints in grant money to Transcarpathian small and medium-sized enterprises in 2016 and 5 billion forints next year, Magyar said. Apart from the 7.5 billion forints, a 20 billion forint credit line will be opened to support the business activities of local SMEs.
Photo: MTI
Source: http://mtva.hu/hu/hungary-matters
please make a donation here
Hot news
What happened today in Hungary? — 24 April, 2024
Hungarian minister Nagy: Brussels keeps the agriculture crisis going
Primark to open its first store in Hungary soon!
Orbán promises everyone profession and decent pay
Wolt in Hungary exposed: Is the food delivery sector really filled with guest workers?
Ruling Fidesz is afraid of a migration wave towards Europe