Big companies can participate in the EU’s 4+1 job-preservation programme from the end of August, National Development and Economy Ministry State Secretary Laszlo Varju said on Thursday.
Employees of companies participating in the programme will receive a five-day salary, though the wage for the fifth day must not exceed 350pc of the minimum wage per workday.
Mr Varju said companies can first apply for HUF 2.5bn (EUR 9.18m) from the HUF 10bn programme. About HUF 1.75bn will be available in convergency regions, while HUF 750m would be used in counties located in central Hungary.
A participating company or cooperative is eligible to receive up to HUF 600m and up to 100pc support. All companies employing more than 250 people are eligible for the programme.
The government decided to launch the 4+1 programme in Hungary with a budget of HUF 30bn in February. The National Development Agency announced a tender for HUF 20bn of the funding for SMEs yet in the spring. Now the remaining HUF 10bn is tendered for big companies.