The must-have newsletter about Hungary

Related Articles

ADDITIONAL HUF 1BN ALLOCATED TO SUPPORT SME EXPORTS

 

The government will support the expansion of SMEs onto foreign markets with an additional 1 billion forints, bringing the total allocation for the initiative to 3 billion, Minister of Foreign Affairs and Trade Péter Szijjártó said on Facebook. The minister said with the expansion of the scheme, 84 companies will receive financial support. Funding for small businesses is capped at 50 million forints. The companies can use the support either to enter foreign markets or to strengthen their market positions abroad, he said.