The government has approved six proposals submitted by the operative board for coordinating the economic recovery, Minister of Foreign Affairs and Trade Péter Szijjártó, who heads the body, said at a press conference on Friday.
The government decided to expand the number of counties in which the investment value threshold for subsidies is 5 million euros by two to seven, Szijjártó said. The investment value threshold for subsidy eligibility is 10 million euros in other counties.
The value threshold for R+D investments eligible for subsidies will be lowered from 3 million euros to 1 million euros, while the job creation threshold for such investments falls from 30 to ten, he added. Regulations governing Magyar Eximbank will be modified allowing it to offer businesses flexible export credit insurance, he said.