Minister of National Economy Márton Nagy announced on Tuesday, 3 December, that the Hungarian government is launching its new Sándor Demján programme in cooperation with the Hungarian Chamber of Commerce and Industry. The initiative’s aim is to double the size of Hungarian businesses; and to further strengthen the small and medium enterprises in the country, ‘the backbone of the Hungarian economy’, as Minister Nagy put it.
The programme is named after the late Hungarian businessman Sándor Demján, founder of the MHB Bank.
Under this initiative, the Hungarian government is providing funds to the tune of 4.3 billion HUF (around $11 million).
Following up on the announcement, Richárd Szabados, State Secretary Responsible for SME Development and Technology shared that a whopping 100 billion HUF ($254.5 million) will be made available for the development of the Hungarian SME sector under the Sándor Demján Capital Fund.
‘The Capital Fund is just one part of the Demján Sándor Programme consisting of eight plus one pillars, which is part of the government’s 21-point action plan for economic development. Its aim is to get the Hungarian economy above a three per cent growth rate next year,’ the State Secretary stated.
He went on to add that further information about the funding schemes is available on dsprogram.hu, where users can also access the application forms. Pre-registration can be submitted at the same time when the announcement of the specific programmes and grant applications are expected, which is in late January or February.
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