News - IBSH

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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50% Increase in the Maximum Training Grant

Since October 2020, under the VIP cash grant system, every company has been able to apply for cash grant for training programs implemented either internally or through an external training institution. The main condition is the creation of at least 25 new jobs or the completion of an investment worth €5 million. Grant amount Our expert team has extensive experience in the area of training grants and is ready to assist in securing state support for employee training. If you have any questions regarding VIP cash grant for training projects, please contact our team.

2023.Dec.22.

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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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Higher VIP cash incentive for service centers in Hungary

From January 1, 2024, in line with European Union regulations, the maximum amounts of cash subsidies granted under national authority within the framework of VIP cash incentive will change. The opportunities to get incentive for service centers in Hungary may increase. Under the new rules, investments may receive the full maximum subsidy intensity for amounts up to €55 million (in present value). For amounts between €55 million and ...

2023.Dec.04.

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