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SMEs may receive CZK 700m for development

The Ministry of Industry is considering transferring EUR 27m, originally intended for the state seed fund to support new firms, to the subsidy programme Development. The money should help develop small and medium enterprises (SMEs). The originally planned fund has not distributed a single euro yet. The reason is that the tender for its administrator has failed due to delays caused by incorrect exclusion of one of the bidders.



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