Mihály Varga: Almost HUF 30 billion tenders for enterprises

English2021. feb. 22.MTI

In the framework of the Economic Recovery Action Plan, companies can apply for almost 30 billion forints in development funding in 4 tender calls, the Minister of Finance announced in a video posted on social media.

Mihály Varga emphasized that almost 1000 domestic companies can apply for the tenders to be launched this week.

Some 800 businesses working in disadvantaged settlements that employ local residents but are in a more difficult position than their competitors can take advantage of the support.

The government is paying special attention to them, so they can receive from 2 million up to 60 million forints in funding in the tender that starts on Thursday.

Other tenders will support investment projects by companies in the food, plastics and fashion and design industries.

The support of 5 to 500 million forints can be used for the purchase of new machines, expansion of company premises, modernization, training of employees, or even covering part of payroll costs. 

Investments save and create jobs. The government wants as many Hungarian companies as possible to take part in restarting the economy, so it provides the necessary financial incentives, Mihály Varga said.