The European Commission has approved the modification of six Operational Programmes (OP) for the European Regional Development Fund (ERDF) and the European Social Fund (ESF) in Spain, Bulgaria, Italy, Hungary and Germany under REACT-EU for a total of EUR 2.4 billion.
As for Hungary, the statement says the Economic Development and Innovation Operational Programme (EDIOP) receives additional resources of EUR 411 million. This money will be used for an interest-free working capital loan instrument to support more than 8,000 SMEs and support a wage subsidy scheme for workers in enterprises affected by the COVID-19 lockdown measures.
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