Bajnai: HUF 1,400bn in subsidies available to Hungarian business in 2009-2010 - extended.

(From Hungarian News Agency (MTI))

Budapest, November 13, 2008 (MTI-ECONEWS) - Some HUF 1,400bn in direct subsidies -- much of it from a restructuring of EU funding -- will be available to Hungarian companies in the next two years, National Development and Economy Minster Gordon Bajnai said at an economic summit in Parliament on Thursday.

HUF 500bn will be available to companies under the New Hungary Development Plan and another HUF 400bn will be available under the New Hungary Rural Development Programme in 2009-2010, Mr Bajnai said. Both programmes function as frameworks for paying out EU development funding.

Some 2,300 exporting SMEs could benefit …