Subsidized Credit Scheme for SMEs to Launch Tuesday
The National Economy Ministry announced the launch, on Tuesday, of a HUF 155.5 billion subsidized credit scheme to support new developments and value-creating investments at microbusinesses and SMEs, according to a report by state news wire MTI.
The 0% financing for loans of between HUF 10 mln and HUF 100 mln will be available at the MFB Pont Plusz network of the Hungarian Development Bank (MFB), at designated branches of MBH Bank and Gránit Bank.
At least 65% of the support will go to businesses in underdeveloped regions, the report notes.
Businesses in Budapest, the most developed area of the country, are excluded from participation in the scheme.
Watchdog Fines OTP Bank for Regulatory Shortfalls
Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s
Biggeorge Adds 2 New Directors to Top Management
Tastin' France 2024 Wine Event Coming in June
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
