News - IBSH

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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Development of Food industry – New funding program in Hungary

Within the framework of the new funding program in Hungary up to HUF 5 billion in funding is available for ...

2024.Apr.12.

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New Changes to the Conditions for VIP Cash Grant (Investment Incentive in Hungary) from April 2024

Significant changes are expected to take effect from April 2024 regarding the conditions for VIP Cash Grant (Investment Incentive in Hungary), as outlined in the draft legislation. The aim of these modifications is to encourage investments with higher added value, support economic growth, and promote the development of disadvantaged regions. These changes will impact several areas, including the minimum required investment amount, revenue and wage commitments, and new mandatory obligations. The expected changes to the conditions of VIP cash investment incentive in Hungary are summarized in the table below: Current VIP Cash ...

2024.Mar.17.

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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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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.

+ More

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

Development of Food industry – New funding program in Hungary

New Changes to the Conditions for VIP Cash Grant (Investment Incentive in Hungary) from April 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

50% Increase in the Maximum Training Grant

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