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Switzerland to allocate CHF 131mn in next 10 years in financial aid for Hungary.

Switzerland to allocate CHF 131mn in next 10 years in financial aid for Hungary. Hungary will receive some CHF 131mn in financial aid from Switzerland in the course of the next 10 years. That was made possible after Swiss citizens approved in referendum to earmark total of CHF 1bn to the 10 EU newcomers. The absorption of the money would be organised through tenders and Hungary has already indicated that the main focus would be on SMEs, transport and energy. Among the regional peers Poland would get the largest amount from the aid, CHF 489mn, while the Czech Republic was allocated CHF 110mn.

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