Finance Minister: Hungarian Gov't To Spend Another HUF 5 Billion To Promote SMEs

  • 20 Mar 2019 6:45 AM
  • Hungary Matters
Finance Minister: Hungarian Gov't To Spend Another HUF 5 Billion To Promote SMEs
The government will use another 5 billion forints (EUR 15.9m) to assist small and medium-size ventures with investments creating new jobs, Finance Minister Mihály Varga said.

Some 250 firms could benefit from the new programme, and the scheme could create 1,500 new jobs, Varga said.

He added that 1.7 million forints from state coffers would go towards the creation of each new position, an amount which could be further increased, to a maximum of 3.6 million forints, if the venture seeks to employ registered job seekers or single mothers, or if it is located in an economically disadvantaged area.

The programme was designed to close gaps between different areas in the country and increase employment, the minister said.

MTI Photo: Koszticsák Szilárd

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports