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Direct Subsidies

Direct Subsidies. www.gkm.hu www.itd.hu. Direct Incentive s for Investments 1. Tender applications in the framework of the Economic Competitiveness Operative Program (ECOP)

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Direct Subsidies

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  1. Direct Subsidies www.gkm.hu www.itd.hu • Direct Incentives for Investments1.Tender applications in the framework of the Economic Competitiveness Operative Program (ECOP) • 2. Special incentive package for strategic investors • 3. Subsidy for employment creation and training

  2. Direct Subsidies www.gkm.hu www.itd.hu Tender applications co-financed by the European Union I. • Within the Economic Competitiveness Operative Program (ECOP) non-refundable grants are available for investors up to HUF 25-150 million (USD 125-750 thousand) per project through the following investment promotion tender applications: • Technological modernisation (ECOP 1.1.1.) • Establishment of regional corporate centres (ECOP 1.1.2.) • Strengthening of first tier suppliers (ECOP 1.1.3.) • Development of industrial and innovation infrastructure (ECOP 1.2.1.) • Development of logistic centres and their services (ECOP 1.2.2.)

  3. Favourable Direct Subsidies Direct Subsidies www.gkm.hu www.itd.hu Tender applications co-financed by the European Union II. Non-refundable grants are available for small and medium enterprises upto HUF 1.4-25 million (USD 7-125 thousand) through the following tender applications: • Support for the development of technical and technological background of SMEs (GVOP 2.1.1.) • Support for modern management systems and techniques for SMEs (GVOP 2.1.2.) • Support for advanced level technical consultancy (GVOP 2.2.2.) • Support for the organisation of co-operation between SMEs (GVOP 2.3.1.)

  4. www.gkm.hu www.itd.hu Direct Subsidies Prospects for the future of tendering • In 2005 the available budget has almost been doubled in comparison to 2004 • Continuous evaluation • Eased administrative burdens • Widened scope of eligible costs • Simplified public procurement procedures

  5. Direct Subsidies www.gkm.hu www.itd.hu Special Incentive Package for Strategic Investments • If the investment volume reaches • EUR 50 million of projects of the manufacturing industry or • EUR 25 million in case of establishing regional corporate service centres • The Hungarian Government decides on granting • a customized incentive package Within the customized incentive package more favorable and significant subsidy is available than through ECOP and SMART tender applications.

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