The program targeting capital funds will be presented to the government in the coming weeks; it will also cover green investments and capacity expansion.
The government is planning to launch a capital program in order to ensure that companies have an adequate amount of funds, whether it is for current assets or the implementation of deferred investments – said Minister of Economic Development Márton Nagy at the Joint Venture Association (JVSZ) awarding ceremony for companies on Saturday in Budapest. The program targeting capital funds will be presented to the government in the coming weeks; it will also cover green investments and capacity expansion.
The capital program is launched by the government within the framework of the Gábor Baross Reindustrialization program, and complements its “credit leg”. Within the framework of the loan program, businesses can apply for HUF loans with an interest rate of 6 percent, 5 percent for green investments, and 3.5 percent for euro loans.
At the JVSZ event, companies were awarded in four categories: in the large company category, MAM-Hungária Kft. won the main prize, NI Hungary Kft. came second, Praktiker Kft. third; among medium-sized companies, Pauker Holding Kft. won, followed by Schiller Flotta Kft. and Stádium Kft. K&H Bank, Provident Pénzügyi Zrt. and Körber Hungária Gépgyártó Kft. were honored with the special award for the best ecosystem, in the field of talent management, Hegymegi-Barakonyi et Társa Baker & McKenzie Law Firm, BEKO Engineering Kft. and MKB Consulting Zrt. proved to be the best.
The association was founded 35 years ago and aims, among other things, to increase the competitiveness of companies operating in Hungary, to help digitization and the green transition, and to share knowledge between large, medium, small and micro companies.
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