Subsidy to improve competitiveness: changes in the deadline for completing the investment

Subsidy to improve competitiveness: changes in the deadline for completing the investment

VNT1The Decree of the Minister of Foreign Affairs and Trade No. 7/2020. (IV. 16.) on aid measures for increasing competitiveness of undertakings concerning the COVID-19 outbreak which entered into force on 10 May 2021 allows the extension of the investment deadline.
It is possible to extend the investment deadline until 31 December 2021 at the latest in case of applications which were submitted before 25 November 2021 with the identification number VNT2020-1.

The deadline can be changed by submitting a unilateral statement of commitment. Following the submission, the commitments contained in the statement and the related deadlines become relevant for the Beneficiary and the Donor as it is considered as a unilateral agreement modification.

Should you need to extend the investment deadline, please send the document that can be downloaded from the link below to HIPA Nonprofit Ltd (1055 Budapest, Honvéd u. 20.) by post, filled in and duly signed by 30 June 2021.

Please consider that according to the above-mentioned regulation, statements received after the above deadline cannot be taken into account.

To download the document, please click here!