GFM: payments are continuous in the Széchenyi Card Program
In particular, given that domestic small and medium-sized enterprises account for the majority of the employed and provide the livelihood of millions of families, the government is committed to increasing the sector’s competitiveness and strengthening SMEs. This is also served by the Széchenyi Card Program, thanks to which around 440,000 transactions worth more than HUF 6,100 billion have been created since its inception – the Ministry of Economic Development (GFM) announced in a statement sent to MTI on Monday.
It was highlighted: the Széchenyi Card Program and its budget support – as one of the government’s flagship credit programs – have increased to an unprecedented extent, partly in order to reduce the negative effects of the credit freeze caused by Covid and partly as a result of war-related sanctions and inflation, compared to previous years.
They recalled that on January 1, 2023, the Széchenyi Card Program came under the tasks and powers of the GFM, which was established as an independent ministry. The ministry created the necessary conditions for the continuation and acceleration of the program in the shortest possible time. Based on these, the group support documents issued to the beneficiaries of the program were issued and published on the government’s website, and the payments to the financial institutions that advanced the support started.
Related news
Companies are recruiting more cautiously now than they planned at the beginning of the year
The average number of applicants remains particularly high in the…
Read more >The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >At a suffocating pace: the corporate world is still shrinking, but the decline is slowing
The number of domestic companies continues to decline, but the…
Read more >Related news
Five major trends shaping the future of global business service centers
Leading global business services providers are responding to the challenges…
Read more >Pepco’s German subsidiary placed under bankruptcy protection
Pepco’s German division has filed for insolvency, despite the retail…
Read more >Blue Planet: food waste should be utilized as biogas or feed raw material even in the short term
Food waste should be utilized as biogas or feed raw…
Read more >