Hungarian government pledges 380 million euros to boosting business RDI

The government will invite bids to disburse 140 billion forints (EUR 380.1m) in support of boosting business research, development and innovation, Finance Minister Mihály Varga said on Tuesday.

The grant scheme covered by the GINOP Plus economic and innovation programme will provide RDI support to hundreds of Hungarian companies, Varga said in a Facebook post.

Companies can bid for funding for the development of new products, technologies and services, experimental developments, industrial research, asset procurement and market entry, the minister said.

Helping Hungarian companies make progress in RDI remains an important goal following the successful relaunch of the economy,

Varga said, adding it was crucial to allowing businesses to stay competitive in a changing global economic landscape.

2021 is over, and we have entered the year 2022. The new year brings not only New Year’s resolutions but also many changes in the everyday life of those living in Hungary, details HERE.