EUR 330,000 available to Hungarian minority as business incentives

Lendava, 23 February - Some EUR 330,000 in grants by the Cohesion and Regional Development Ministry will be available in 2024 to encourage business investment in the area populated by the Hungarian minority in Slovenia, shows the tender, published on Friday by the Pomurje Hungarian Self-Governing Community.

Euro banknotes.
Photo: Kaja Šoštarec/STA
File photo

The grants aim to co-fund investments in new production capabilities or upgrading existing ones for micro, small and mid-size businesses in the ethnically mixed municipalities of Dobrovnik, Hodoš, Lendava, Moravske Toplice and Šalovci.

Businesses will be able to apply for grants from EUR 10,000 to EUR 50,000 with a cap on total state aid in three consecutive years at EUR 200,000 or 100,000 for companies in the road and traffic sector.

The beneficiary will have to contribute at least 25% of the funds to realise the investment and have the head office of the company registered in the eligible area for at least 12 months before submitting the application. The beneficiary will have to pledge to not move the fixed assets obtained with the co-funding out of the area for at least five years.

The applications can be submitted to the Pomurje Hungarian Self-Governing Community office in Lendava until 22 March.

© STA, 2024