Budapest Bank survey on EU funds

Hungary’s companies have claimed 270 billion HUF of preferential credit products combined with non-refundable EU grants, which is more than half of the announced budget – Budapest Bank (BB) told MTI.

According to the research of the financial institution carried out by interviewing 1600 small and medium-sized enterprises (SMEs), almost 20 percent of these companies have submitted at least one tender so far in the current EU cycle. Thanks to the launch of the EU-funded projects, companies expect an average growth rate of around 11 percent. (MTI)