Finance Minister Mihály Varga announced a tender for 100 billion forints (EUR 273m) in European Union and state funding to support technology upgrades, productivity and competitiveness at SMEs in a video message posted on Facebook on Monday.
SMEs may apply for funding of between 10 million and 200 million forints to buy new equipment, make IT developments, acquire real estate and make the switch to renewable energy,
He added that most of the funding, expected to be enough for “several thousand businesses”, will go to underdeveloped regions.
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