The third of the GINOP funds will be available this year

More than 900 billion HUF EU development funds will be available later this year for the micro, small and medium-sized enterprises, which is the third of the 2,700 billion HUF of the Economic Development and Innovation Program (GINOP) that is available for the 2014-20 period – Rákossy Balázs informed MTI on Wednesday.

The Minister of State of the National Economy Ministry (NGM) responsible for EU funds added that by July 2017 all the Hungarian applications of the EU budgetary cycle will be announced. All the amount will be available to improve competitiveness, in order to improve job creation and to the development of the Hungarian industry. The support will be given to mainly Hungarian enterprises, research centers and innovation workshops. (MTI)