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Trade Min: Govt to Prefinance EU Funding to Businesses Impacted by Brexit

MTI-Hungary Today 2021.09.10.

The government has decided to put out a bid worth 22 billion forints (EUR 63m) to help Hungarian companies impacted by Brexit this year already and advance community funding that will only become available between 2022-2025, Foreign Affairs and Trade Minister Péter Szijjártó said.

In a Thursday statement, the foreign ministry quoted Szijjártó as saying that the European Union would “delay” those payments over a period of four years.

FM Szijjártó: All Agreements in Place for Post-Brexit Cooperation With UK
FM Szijjártó: All Agreements in Place for Post-Brexit Cooperation With UK

The minister identified two strategic areas, namely the energy and defense industries, which he said would see even more intensive and promising cooperation in the period to come.Continue reading

“We have decided to advance the funds from national coffers and provide a bid opportunity to companies facing difficulties because of Brexit,” Szijjártó said, adding that the tender would be put out next week.

Featured photo via Szijjártó’s Facebook page