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EU funding

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Production Capacity Development at VSZM Ltd. in Siófok

D&T
Jul 21, 2022

The Electrical Insulation and Plastic Factory (VSZM) Ltd., a company specializing in the supply of plastic parts for the mechanical, electrical, construction and automotive industries, has upgraded its production capacity and image, the HUF 695 million investment was recently completed, the Siófok-based company informed the state news agency MTI in a statement. It said that […]

Tutti Food Expands Capacity with about HUF 1.3 billion

D&T
Apr 17, 2022

Tutti Food Ltd. has invested about HUF 1.3 billion to increase capacity and material safety, the company based in Rábapatona, NW Hungary has informed the state news agency MTI. The company received HUF 468.07 million in non-refundable EU funding for the development, with the remainder being supplemented by self-financing and loans. The investment increased the […]

Metalconstruct Expanding Capacity with HUF 450 million

D&T
Apr 15, 2022

Metalconstruct Aluminium Structures Factory Plc., based in Kecskemét, Hungary, will build a new plant hall and expand its aluminum foundry with new equipment with an investment of about HUF 450 million at its Sirok site in NE Hungary, the company's CEO told the state news agency MTI. CEO Ernő Kis highlighted that the European Union […]

Hungarian PM Changes Mind and Requests EU Credit Line

D&T
Mar 22, 2022

Although he refused to do so last year, Viktor Orbán has now sent a letter to European Commission President Ursula von der Leyen asking for more money for Hungary from the EU's EU's Recovery and Resilience Facility (RRF). In addition to the non-repayable aid, the government would also draw on the loan facility - the […]

EU-Supported Production Capacity Expansion in Makó

D&T
Mar 20, 2022

Makó-based Váll-Ker Ltd., a manufacturer of fireplaces, is increasing its production capacity by 75% with a HUF 3 billion investment, with the support of the European Union, the company informed the state news agency MTI. EU support will cover HUF 1.515 billion of the development under the ‘Hungarian multi’ program. The main activity of the […]

Complex Development Program at KTS Metalltechnik Ltd.

D&T
Mar 11, 2022

The opening ceremony of a complex corporate development project to be carried out by KTS Metalltechnik Ltd. has taken place in Bátonyterenye, NE of Budapest. Thus, the company will be able to participate as a supplier in the expansion of the electric battery production capacity in Hungary. The development project is to cost HUF 250 […]

EU Funding to Modernize Railway Line in E Hungary

D&T
Feb 23, 2022

The European Commission has approved an investment of over EUR 80 million from the Cohesion Fund to improve train connections for passenger and freight transport in the region of Northern Great Plain in Hungary. Commissioner for Cohesion and Reforms, Elisa Ferreira stated that “we launch another important major project to concretely improve the life of […]

EU Court of Justice Rules Against Hungarian Government

D&T
Feb 16, 2022

With measures for the protection of the Union budget in mind, the Court of Justice, sitting as a full Court, dismissed the actions brought by the Hungarian and Polish governments against the conditionality mechanism which makes the receipt of financing from the Union budget subject to the respect by the Member States for the principles […]

EU Support for the Kistelek Industrial Park

D&T
Jan 22, 2022

The Kistelek and Region Industrial Park, where an industrial wastewater treatment plant and sewerage network were built, was developed with EU funding of more than HUF half a billion, the municipality informed the state news agency MTI. According to the statement, the HUF 517 million investment has provided the industrial park, which is located next […]

HUF 600 Million Investment in Törökszentmiklós

D&T
Jan 13, 2022

Kunsági Mill Ltd. in Törökszentmiklós, E Hungary, has improved its milling technology, and a HUF 600 million investment has increased the company's wheat storage capacity by 10,000 tons, the company said in a statement sent to the state news agency MTI on Thursday. According to the information, the company won a non-refundable grant of almost […]

The Biological Research Center in Szeged

Research on Autoimmune Diseases Concluded in Szeged

D&T
Dec 19, 2021

A HUF 996 million EU-funded research program on autoimmune diseases has been completed at the Biological Research Center of Szeged and the University of Szeged, the Center informed the state news agency MTI. The five-year project aimed to increase knowledge about autoimmune diseases using state-of-the-art technologies. The research investigated the mechanisms underlying the development or […]

Extra EU Funding for Hungary to Ease the Pandemic

D&T
Nov 27, 2021

The European Commission has approved €654 million to Spain and Hungary under REACT-EU following the modification of two European Social Fund (ESF) Operational Programs (OP). According to an announcement by the European Commission, in Hungary, the national OP 'Human Resource Development' will receive an additional EUR250 million for purchasing 13 million doses of COVID-19 vaccines […]

STARGATE Project at Budapest Airport

D&T
Sep 21, 2021

Budapest Airport is a member of the consortium which won nearly EUR 25 million of support from the European Commission, as part of a sustainability project called STARGATE. As part of the project, Budapest Airport can implement developments to a value of EUR 1.53 million, 70% of which (EUR 1.07 million) is provided by the […]

EU Funding for Hungarian-Slovak Electricity Grid

D&T
Oct 3, 2020

The European Commission will finance the 'Danube Ingrid', a smart electricity grid project in Hungary and the Slovak Republic, in the amount of EUR 102 million. This project will improve network management and increase the quality and security of supply for all market participants in the two countries. It will also support the efficient integration […]

New roundabout completed at Ferenc Liszt International Airport

New Roundabout at Budapest Airport

D&T
Jul 9, 2020

The roundabout leading to Terminal 2 of Ferenc Liszt International Airport in Budapest has been completed. Financed mostly with support from the European Union, the roundabout makes access to the terminal safer and simpler. As part of the project aimed at developing road access to the airport, numerous other development components have also been implemented; […]

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