The Hungarian government is intensifying efforts to support small and medium-sized enterprises (SMEs) and stimulate industrial growth, the Ministry for National Economy (NGM) said in a statement on Tuesday.
According to the ministry, the 100 New Factories Programme has been expanded to 150 projects, potentially involving more than 10 trillion forints in new investments. In addition, the Demján Sándor Programme will provide over 1,400 billion forints in funding to help domestic SMEs grow in scale and increase productivity.
The ministry emphasized that these initiatives aim to ensure the financial stability of Hungarian enterprises and promote long-term competitiveness. As part of these measures, from 6 October 2025, seven products under the Széchenyi Card Programme will be available to businesses at a unified fixed interest rate of 3 per cent. Each company will be able to access up to 150 million forints in funding, regardless of size or sector. The ministry noted that such a rate could save firms around 1.5 million forints on a 100-million-forint loan.
The announcement came alongside new data from the Central Statistical Office (KSH), showing that in August 2025 industrial production fell by 4.6 per cent year-on-year and by 2.3 per cent compared with July, though output in the computer, electronics, and optical products sector grew.
The statement also criticized the opposition Tisza Party, claiming that its leaked proposals encouraged by Brussels would raise both personal and corporate taxes, harming Hungarian businesses and households. According to the NGM, such policies would lead to wage cuts, job losses, and endanger domestic industry.
By contrast, the government said it remains committed to protecting families and entrepreneurs through tax cuts, investment programmes, and affordable financing options. ‘Our goal is unchanged: to preserve the financial stability of SMEs, support their investments, and enhance their productivity and competitiveness,’ the ministry said.
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