Investment incentive in Hungary

New Subsidy in Hungary: Workers’ Accommodation in the Private Sector 2024

New Subsidy in Hungary: The „Workers’ Accommodation in the Private Sector” subsidy, announced by the OFA National Employment Public Benefit Nonprofit Ltd., is intended for the construction of workers’ accommodations or the conversion of existing properties into workers’ accommodations. The state aid is only available in Hungary, excluding Budapest, and aims to provide accommodation options for employees working in the private sector. Eligible Projects Amount of Subsidy The subsidy depends on the size of the company and the location of the investment, as it changes based on the regional aid map. The maximum intensity is determined by the company’s size and the planning-statistical regions of the investment’s location: Maximum Subsidy Amounts: Advance Payment: ...

2024.May.10.

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GINOP Plus: Up to HUF 100 Million Interest-Free Investment Loan for SMEs

A draft of the KKV Technology Plus Loan Program has been published under the GINOP Plus framework, outlining the conditions under which small and medium-sized enterprises (SMEs) can apply for an interest-free investment loan. According to the current plans, SMEs with at least 5 employees (excluding Budapest) can apply for an interest-free investment loan of at least HUF 10 million and up to HUF 100 million to support their business investments. Eligible Expenses Covered by the GINOP Plus Loan Acquisition of new tangible assets Procurement of renewable energy production and utilization technologies Engineering and consulting fees, training related to these investments Costs of quality, environmental, and other management systems Intangible assets related to the acquired equipment The total budget for the KKV Technology Plus Loan Program is expected to be HUF 155 billion. Feel free to entrust us with ...

2024.Mar.13.

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HUF 910 billion of EU funds will be available in Hungary

Under the GINOP Plus program, HUF 910 billion of EU funds will available in Hungary for Hungarian economic players in the upcoming months. Within the framework of GINOP Plus, HUF 450 billion will be allocated for business development, mostly in the form of interest-free loans and, to a lesser extent, non-repayable grants. The funds will support the technological and organizational renewal of businesses, as well as their investments in digitalization and energy efficiency. An additional HUF 460 billion will be available within the GINOP Plus framework to increase labor market activity, with a focus on employment for job seekers and inactive individuals. Training support will also be possible from this fund. It is planned that 95% of the programs will be announced in 2024, with a significant portion being non-repayable. The first GINOP Plus applications may become available as early as the beginning of next week, with 6-8 calls for proposals expected in the coming months. ...

2024.Feb.13.

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Up to 60% Cash Grant in Hungary for Large Investments

New grant opportunity – instead of tax relief for large companies there will be a cash grant in Hungary According to government plans, from early 2024 a new funding program may be launched under the framework of the Individual Government Decision („EKD” or „VIP”) grants, specifically targeting companies adversely affected by the introduction of the global minimum tax. Under the proposed program, these companies could receive cash grant for their planned investments instead of a development tax incentive. The cash grant would be payable within 10 years following the completion of the investment, provided the company has ...

2023.Dec.18.

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New Favorable Subsidy Program in Hungary for Companies with Foreign Subsidiaries

From January 1, 2024, for Hungarian companies that have foreign subsidiaries the Hungarian Government will create a new Subsidy Program in Hungary. The subsidy will be available throughout Hungary (excluding Budapest). Eligibility requires either the implementation of an investment starting in 2024 with a value of ...

2023.Dec.08.

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The Temporary Crisis and Transition Framework (TCTF), aimed at accelerating the green transition, is still available for businesses.

With the adoption of the Temporary Crisis and Transition Framework (TCTF) by the European Commission, Hungary has been enabled to provide significant state aid to companies considered strategically important for the green deal. In Hungary, TCTF became available in August 2023, which can be applied for through HIPA Nonprofit Zrt. for the following investments: TCTF support is available throughout Hungary until 2025. The maximum aid amount is up to 350 million EUR in rural areas, with a maximum intensity of 55%, and up to 150 million EUR in Budapest, with a maximum intensity of 35%. Any aid exceeding these values can only be provided with prior approval from the European Union Commission. ...

2023.Sep.17.

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Investment incentive in Hungary

New Subsidy in Hungary: Workers’ Accommodation in the Private Sector 2024

GINOP Plus: Up to HUF 100 Million Interest-Free Investment Loan for SMEs

HUF 910 billion of EU funds will be available in Hungary

Up to 60% Cash Grant in Hungary for Large Investments

New Favorable Subsidy Program in Hungary for Companies with Foreign Subsidiaries

The Temporary Crisis and Transition Framework (TCTF), aimed at accelerating the green transition, is still available for businesses.

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