Investment support for companies ineligible for EU funding adds up to EUR 233m

The state of Hungary has so far awarded 78 billion forints (EUR 233m) in grant money in the framework of an investment incentive programme for big companies that are ineligible for European Union funding, business daily Világgazdaság said on Thursday, citing data from the finance ministry.

The grant money supported more than 200 billion forints of investment and contributed to the creation of 2,400 jobs, the paper said.

Last year alone, some 30.6 billion forints of the grant money supported 15 investments. Two companies were each the recipient of grants supporting three investment projects.