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EU funding

22 hits

Caadex Ltd. Investment with EU Funding in Hungary

Oct 9, 2022

Hungarian family-owned Caadex Ltd. in Mindszentgodisa, S Hungary, has decided to invest more than HUF 500 million in energy and equipment, the company informed the state news agency MTI. According to the statement of the Baranya County company, which is engaged in the production and trade of tin and steel products, the HUF 357 million […]

New Project Launched in National Bank's Green Program

Sep 16, 2022

Under its Green Program, the National Bank of Hungary (MNB) has launched a research methodological project to assess the financial risks related to the decline in biodiversity and to develop financial supervisory methodologies to address those risks, according to a press release by the Bank. The nearly two-year project is financed by the European Union […]

Research Experience for Students in EU Project

Aug 29, 2022

More than 1,800 university students, doctoral students and over 700 young researchers have received funding for their research from the HUF 1.807 billion non-reimbursable EFOP co-funded by the European Union (EU), Hungary and the European Social Fund. Thanks to the successful applications, the winners were able to conduct research, publish papers and case studies in […]

BGE Receives EUR 1.3 Billion EU Funding

Aug 25, 2022

The Budapest Business School (BGE) has received HUF 1.329 billion in funding from the Széchenyi Plan Plus Program, for the development of digital tools, among other things. In a communiqué to the state news agency MTI on Thursday, the university said that the support is used between June this year and April 2026 – with […]

EU Funding for Digital Developments at Corvinus

Aug 22, 2022

Corvinus University has won a HUF 1.5 billion non-refundable EU grant, which will contribute to the digital developments of the Ménesi road campus, the revival of the university's online education system and the expansion and updating of digital teaching materials. According to the university's statement sent to the state news agency MTI on Monday, the […]

Medikémia Expands Manufacturing Capacity

Aug 13, 2022

Szeged-based Medikémia Plc., a manufacturer of car care products, household products and paint aerosols, is expanding its capacity with an investment of more than HUF 350 million with EU support, the company informed the state news agency MTI. According to the statement, HUF 247 million forints of the costs of the development, which will be […]

Production Capacity Development at VSZM Ltd. in Siófok

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

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

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

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

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.

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

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

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

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 […]

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