Support for energy intensive SMEs extended to 2023

The Energy Cost and Investment Support Program for Manufacturing SMEs launched by the Government of Hungary in October 2022 was extended also to the first quarter of 2023. With a total budget of HUF 120 billion, the program covers up to 50% of energy cost increase or 15% of investment in energy efficiency of energy-intensive SMEs. The eligibility criteria of the total amount of energy costs was lowered to 2% of sales of the applying company and the support was extended also to energy-intensive companies in the tourism sector.

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