Published: December 04 2023
The Hungarian government has announced an increase in support for research and development (R&D) investments and training projects. The maximum value of aid for R&D investments will be raised from EUR 15 million to EUR 25 million, and companies can receive up to 50 percent of the maximum aid intensity. The maximum amount of aid for training projects will also be increased from EUR 2 million to EUR 3 million.
Increased Support for R&D Investments
The maximum value of aid for R&D investments will be increased from EUR 15 million to EUR 25 million. Companies will now be able to receive up to 50 percent of the maximum aid intensity, compared to the current 25 percent.
Enhanced Aid for Training Projects
The maximum amount of aid that can be granted for training projects will be increased from EUR 2 million to EUR 3 million. This increase reflects the priority importance of training projects.
Creating a Competitive Investment System
The Hungarian government aims to have the most competitive investment system in Europe. In order to achieve this goal, the government is constantly monitoring its competitors and taking necessary steps, such as increasing support for R&D investments and training projects.
Supporting Business Service Centers
Business service centers play a significant role in attracting and retaining talented young people in Hungary. To boost the establishment of these centers, the number of high value-added job creation commitments will be reduced from 50 to 25. This support is especially important in rural towns and helps provide excellent wages and career opportunities for young people with higher education.
By implementing these measures, the Hungarian government aims to stimulate research and development, encourage investment, and promote talent retention in the country.
Questions & Answers
What is the purpose of the increased aid for research and development (R&D) investments in Hungary? The purpose of the increased aid is to ensure that Hungary has the most competitive investment system in Europe and to support the development of innovative products and technologies.
What is the maximum value of aid for R&D investments in Hungary? The maximum value of aid for R&D investments in Hungary has been increased from EUR 15 million to EUR 25 million.
How much aid can companies receive for R&D investments in Hungary? Companies in Hungary will now be able to receive up to 50 percent of the maximum aid intensity, instead of the previous 25 percent.
What is the maximum amount of aid for training projects in Hungary? The maximum amount of aid that can be granted for training projects in Hungary has been increased from EUR 2 to 3 million.
Why are business service centers important in Hungary? Business service centers in Hungary play a significant role in retaining and attracting talented young people to the country. They offer excellent wages and career opportunities, especially for young people with higher education.
How will the attraction and establishment of business service centers be boosted in Hungary? To boost the attraction and establishment of business service centers, the number of high value-added job creation commitments will be reduced from 50 to 25. This will help support their investment, particularly in rural towns.
What steps is the Hungarian government taking to ensure a competitive investment system in Hungary? The Hungarian government is constantly monitoring its competitors and taking necessary steps to ensure Hungary has the most competitive investment system in Europe. The increase in aid for R&D investments and training projects is one of the steps taken.
