Ministry Reaches Out to SMEs to Develop Government Strategy

The Hungarian governmentʼs support strategy for SMEs is being developed after extensive social consultations, said state secretary for economic strategy and regulation László György at a press conference on Thursday, state news wire MTI reports.

The main aim of the plan is to establish a strong, domestic-owned entrepreneurial field in Hungary, he added.

Between 5 April and 9 May 2019, with the help of the Hungarian Chamber of Commerce and Industry (MKIK) the ministry held 19 forums across the county, involving around 1,000 SMEs to gather input for its strategic framework lasting until 2030.

György said the government is providing HUF 167.5 billion of support to SMEs this year, HUF 90.84 billion of non-repayable grants and HUF 76.7 billion of repayable loans.

Article courtesy of the Budapest Business Journal

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