Bajnai: HUF 1,400 Billion in Subsidies Available to Hungarian Business in 2009-2010

HUF 1,400 bn in direct subsidies from a restructuring of EU funding will be available, National Development and Economy Minster Gordon Bajnai said.

 

Some HUF 1,400 billion in direct subsidies - much of it from a restructuring of EU funding - will be available to Hungarian companies in the next two years, National Development and Economy Minster Gordon Bajnai said at an economic summit in Parliament on November 13th 2008.

HUF 500 billion will be available to companies under the New Hungary Development Plan and another HUF 400 billion will be available under the New Hungary Rural Development Programme in 2009-2010. Both programs function as frameworks for paying out EU development funding.

 

News Monitoring