Published: November 15 2023
The Hungarian government plans to launch a subsidy scheme to increase the involvement of local suppliers in the automotive and battery industry in Budapest. This initiative aims to boost the country's automotive sector and promote collaboration with the Hungarian Chamber of Commerce and Industry (MKIK).
Subsidy Scheme for Local Suppliers
The government will introduce a subsidy scheme with a total budget of HUF 2.9 billion (EUR 7.7 million) to support local suppliers. This program will begin as a pilot in 2023 and become fully operational in 2024. Businesses with more than 250 employees will be eligible for these subsidies.
Tightened Emission Thresholds for Factories
In line with environmental protection targets, the Hungarian Ministry of Energy Affairs plans to tighten emission thresholds for factories. The ministry has initiated coordination talks with the national Environmental Protection Council and MKIK. The authorities regularly monitor compliance with environmental regulations to ensure that all investors adhere to the required standards.
Social Consultation and Coordination
The plans for tightening emission thresholds have been published for social consultation. The government seeks input from the public and relevant stakeholders to gather feedback and ensure that the regulations effectively address environmental concerns. Close coordination with the Hungarian Chamber of Commerce and Industry is also underway to support sustainable development in the automotive sector.
Importance of Environmental Compliance
The government emphasizes that all investors in the automotive and battery industry must comply with environmental protection and work safety regulations. Regular checks are conducted to ensure that these rules are followed. The initiative aims to foster sustainable practices and strengthen the overall competitiveness of the automotive industry in Hungary.
Source: MTI
Questions & Answers
What is the purpose of the subsidy scheme launched by the government in Hungary? The purpose of the subsidy scheme is to boost the share of local suppliers to big automotive and battery industry companies in Hungary.
When will the subsidy scheme be launched? The subsidy scheme will launch as a pilot programme in 2023, and the full scale of support will be made available from 2024.
Which businesses are eligible for the subsidies? Businesses with headcounts over 250 are eligible for the subsidies.
Who is cooperating with the government to implement the subsidy scheme? The subsidy scheme is the product of cooperation with the Hungarian Chamber of Commerce and Industry (MKIK).
Will there be tighter emission thresholds for factories in Hungary? Yes, the energy affairs ministry will tighten emission thresholds for factories in an effort to fulfill environmental protection targets.
What is the role of the national Environmental Protection Council and the Hungarian Chamber of Commerce and Industry in this initiative? Coordination talks have been initiated with the national Environmental Protection Council and the Hungarian Chamber of Commerce and Industry to ensure compliance with environmental protection, work safety, and other regulations.
How does the government ensure that rules and regulations are being followed by investors? The authorities regularly check that rules are obeyed by investors, and the government expects all investors to observe environmental protection, work safety, and other regulations.
