Government Measure
Can be provided in the form of a non-refundable budget support through tenders.
Maximum amount of the support is EUR 800,000 and it shall be adjusted to the value of the
investment as follows:
(a) between €150k and €300k, the amount of the competitiveness support is 30% of the
value of the investment,
(b) between €300,001 and €500k, the amount of the competitiveness support is 40% of the
value of the investment,
(c) above €500k, the amount of competitiveness support is 50% of the value of the
investment
Eligibility
Must be a medium-size or large enterprise having its registered seat, site or branch in
Hungary in any industry and economic area, except certain activities (e.g. steel industry,
primary agricultural production, coal industry, commercial activities, etc.) that:
(a) certifies that it did not qualify as a firm in difficulty on 31 December 2019, but
became one as a result of the coronavirus epidemic or experienced other financial or
economic difficulties,
(b) certifies that, as a result of the coronavirus outbreak, the net sales revenue or the
value of its order backlog has fallen by at least 25%,
(c) declares that it is not responsible for the economic downturn and has acted with due
care,
d) declares that it is not insured for the incurred losses or that it is not possible to
fully compensate the damages incurred on the basis of the insurance,
(e) undertakes to maintain the base number of its staff (employees) until the completion
of the investment, but at least until 31 December 2020,
f) undertakes to make an investment of at least €150k in Hungary by 30 June 2021,
(g) declares that it has not started the investment before submitting its application.
Supervising Authority
Ministry of Foreign Affairs and Trade
Availability
From 17 April 2020