The contents of this website are no longer being updated. You can access all the latest Hungarian news in English formerly featured on the Hungary Matters website and daily newsletters at our refurbished mti.hu portal.

The must-have newsletter about Hungary

MINISTER: GOVT CREDIT SCHEMES ADD UP TO 1.2% TO GDP

 

Government credit schemes such as the Széchenyi Card and Re-industrialisation programme supporting companies are expected to add some 1.0-1.2% to the country’s GDP this year, saving it from recession, the minister of economic development told a conference. Avoiding recession and pushing inflation into single digits by year-end remain the main goals of Hungarian economic policy, Márton Nagy said. The Széchenyi Card programme facilitated contracts worth a total of 387 billion forints (EUR 1.0bn) between January and April, and the re-industrialisation scheme 534 billion, he said.