70 businesses can expand their capacity from 13.5 billion forints

In order to strengthen its competitiveness and productivity, 70 micro, small and medium-sized enterprises won 13.5 billion HUF support under the Economic Development and Innovation Operational Program (Ginop). Through the program, more than 27 billion HUF worth development will be realized – Rákossy Balázs, Minister of State of the Ministry of National Economy told MTI on Tuesday.

The winning companies are able to expand their production capacities by acquiring a modern tool and machine park and by developing advanced infrastructure facilities. Those companies could win the support that have high level of value added growth or export growth opportunities and as the result of the development they can connect into local, national, but especially international, networks or increase the intensity of their participation in this area, the Minister of State added. (MTI)