The contents of this website are no longer being updated.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

ECONOMIC CABINET DISCUSSES RECOVERY PLANS

 

The government’s economic cabinet has discussed a package of measures, including family tax breaks and support for home purchases, aimed at supporting economic recovery, the national economy ministry said on Wednesday. The measures also include a vocational training credit for Hungarian 17-22 year-olds, allowing household savings for buying homes tax free, and various subsidies for investments by small and medium-sized firms. They agreed that increasing support for families, small businesses and youth living in rural areas would underpin a fast rate of growth. The draft measures will be submitted at a full cabinet meeting in September.