Direct Incentives for Investments 1.Tender applications in the framework of the Economic Competitiveness Operative Program (ECOP) 2. Special incentive.

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Presentation transcript:

Direct Incentives for Investments 1.Tender applications in the framework of the Economic Competitiveness Operative Program (ECOP) 2. Special incentive package for strategic investors 3. Subsidy for employment creation and training Direct Subsidies

Within the Economic Competitiveness Operative Program (ECOP) non-refundable grants are available for investors up to HUF million (USD thousand) per project through the following investment promotion tender applications:  Technological modernisation (ECOP )  Establishment of regional corporate centres (ECOP )  Strengthening of first tier suppliers (ECOP )  Development of industrial and innovation infrastructure (ECOP )  Development of logistic centres and their services (ECOP ) Tender applications co-financed by the European Union I. Direct Subsidies

Non-refundable grants are available for small and medium enterprises up to HUF million (USD thousand) through the following tender applications: Support for the development of technical and technological background of SMEs (GVOP ) Support for modern management systems and techniques for SMEs (GVOP ) Support for advanced level technical consultancy (GVOP ) Support for the organisation of co-operation between SMEs (GVOP ) Tender applications co-financed by the European Union II. Favourable Direct SubsidiesDirect Subsidies

Prospects for the future of tendering  In 2005 the available budget has almost been doubled in comparison to 2004  Continuous evaluation  Eased administrative burdens  Widened scope of eligible costs  Simplified public procurement procedures Direct Subsidies

Special Incentive Package for Strategic Investments If the investment volume reaches EUR 50 million of projects of the manufacturing industry or EUR 25 million in case of establishing regional corporate service centres The Hungarian Government decides on granting a customized incentive package Within the customized incentive package more favorable and significant subsidy is available than through ECOP and SMART tender applications. Direct Subsidies