Significant support for the Hungarian tourism sector

The government has extended a 150 billion forint (EUR 370m) subsidy programme for energy costs and energy-efficiency investments for manufacturers to the tourism sector from December 23, the Hungarian Tourism Agency (Magyar Turisztika Ügynökség – MTÜ) said on Tuesday.

The MTÜ noted that it had requested the scheme be extended to the country’s 16,000 catering establishments and 4,500 commercial accommodations.

Tourism businesses may apply for subsidies to cover up to half of the increase in their electricity and gas bills from a year earlier if they also avail of support for credit for investments to boost energy efficiency that are completed by the end of 2024.

A condition for the support is maintaining headcount at minimum 90 percent of September levels.

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