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SZIJJÁRTÓ: HUNGARIAN COMPANIES MAKING CROSS-BORDER INVESTMENTS CAN BID FOR GOVT GRANTS

 

Hungarian companies that undertake cross-border investments will be eligible to bid for grants from a 25 billion forint (EUR 72m) government fund starting on Friday, Péter Szijjártó, the minister of foreign affairs and trade, announced in parliament. Hungarian companies making investments in cross-border areas can bid for support of up to 800,000 euros in a single amount if jobs are protected in Hungary and neighbouring countries, Szijjártó said, adding that the subsidy amount is capped at 60% of the sum invested.