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What are the rules for subsidies for enhancing competitiveness?
In the interest of improving the competitiveness and liquidity of medium and large companies, as well as to promote incentives for their investments necessitated by the coronavirus pandemic, the program for enhancement of competitiveness is designed for businesses active in the manufacturing and service sectors whose sales revenues or orders value dropped by at least 25% due to factors attributable to the coronavirus pandemic. As per the pre-conditions set forth for the subsidy, if a business commits to executing an investment project with a minimum value of EUR 150 000 by 30 June, 2021 and maintains its average statistical headcount until project completion, but at least until 31 December 2020, it shall be eligible for a progressive subsidy of maximum EUR 800 000, depending on the value of the investment. Investments ranging between EUR 150 000 and 300 000 in value shall be eligible for a subsidy equivalent to 30% of the investment value, 40% for EUR 300 001 to 500 000 and up to 50% for investments exceeding EUR 500 000. The subsidy shall be disbursed in one lump sum as a 100% advance funding.
Any economic corporation with official seat, operational site or branch in Hungary shall be eligible for the subsidy, with the exception of businesses active in the following sectors: steel industry, shipbuilding, coal industry, synthetic fibres, personal or freight transport services, primary agricultural production, aquaculture, energy production, trade or tourism.
Source: ITM [Ministry for Innovation and Technology] State Secretariat for Economic Strategy and Regulations
Any economic corporation with official seat, operational site or branch in Hungary shall be eligible for the subsidy, with the exception of businesses active in the following sectors: steel industry, shipbuilding, coal industry, synthetic fibres, personal or freight transport services, primary agricultural production, aquaculture, energy production, trade or tourism.
Source: ITM [Ministry for Innovation and Technology] State Secretariat for Economic Strategy and Regulations