NGM: More than 100 SMEs won EU funds to increase their competitiveness

A total of 148 micro, small and medium-sized enterprises won nearly 10 billion euros worth EU fundings to increase their competitiveness, to create new products, to develop new technologies and to develop new services – the Minister of State of the Ministry of National Economy (NGM) informed MTI on Wednesday.

According to Rákossy Balázs, the amount earned can be spent by the companies into experimental development, the purchase of equipments, acquisition of intangible assets or project management, for participation in Hungarian or foreign exhibitions or trade shows, and industrial property protection. (MTI)