Orbán cabinet to support SME job creation with 15 million euros
As of Monday small and medium-sized enterprises can apply for 5 billion forints (EUR 15m) of government funding to help create high-value added jobs, the finance minister told MTI.
The government funded initiative aims to strengthen the competitiveness and productivity of SMEs by helping them to introduce new technologies and improve the skills of their employees, Mihály Varga said.
The programme helps the creation of high-value added jobs through supporting capacity expansion and investing in technological improvements.
SMEs can apply for 10 million forints to 150 million forints of funding
but in less developed areas the eligible amount is 200 million forints. The support is non-repayable and can cover 50 percent of an investment project.
Companies awarded funding must agree to keep their headcount at least stable, to raise wages by a minimum 10 percent for three years and offer training to their employees, Varga said.
- New science park to be set up at Budapest technology university
- Nyugati Railway station to be renovated and closed for six months
Source: mti
please make a donation here
Hot news
What happened today in Hungary – 26 July, 2024
Drama: number of births in a 20-year low in Hungary
Yay or nay? – 6 odd Hungarian delicacies that make our skin crawl
Budapest tourism “exploded” this past weekend
Container transport in Budapest may stop: How will this affect Hungarian economy?
Minister: Hungary will protect its territory by every means possible