BUDAPEST: The government will contribute 750 million forints (EUR 2.4m) to a programme aiding young ethnic Hungarian entrepreneurs living and doing business in neighbouring countries, Deputy Prime Minister Zsolt Semjen said on Friday.
Speaking at a conference opening the programme, Semjen said the aim of the scheme is to strengthen Hungarians beyond the border in economic terms. Semjen expressed hope that the government’s contribution to the programme would eventually generate more investments in the Carpathian Basin.
The 750 million forints will be spent on labour market research projects, consultations, training programmes, loans and grants, he said. Arpad Janos Potapi, state secretary for Hungarian communities abroad, said 525 million forints of the total sum will be offered to Hungarian entrepreneurs abroad below the age of 40 in the form of grants. Some 120 entrepreneurs will be able to apply for grants worth 3 million to 6 million forints, he said.
