Hungary will receive from the investment Fund of the EU 160 million euros for development of small and medium-sized businesses, mainly in the agricultural industry.
The European Commission announced that the European investment Fund (EIF) and the Hungarian Association of enterprises of agricultural industry (AVHGA) signed an agreement under which preferential access to financing receive up to 2 thousand small and medium enterprises in Hungary, primarily in the agricultural sector, reports “Finmarket”.
The agreement was signed within the framework of implementation of the investment plan of the EU, better known as “the Juncker plan”. It provides several forms of financing of small and medium business: investment loans, working capital, overdraft loans and Bank guarantees.
At the same time signed an agreement to Finance micro-enterprises of Slovenia through the European Fund. It will provide access to preferential loans for a period of 2.5 years and a total amount of 21 million euros for small businesses of this Balkan country — member of the EU.
