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Gov’t Accepts 6 New Proposals for Relaunching Hungary’s Economy

MTI-Hungary Today 2021.07.29.

The government has accepted six new proposals of the operative board responsible for relaunching Hungary’s economy, four of which aim to make the distribution of resources more efficient and two improve infrastructure, the minister responsible for foreign affairs and trade said on Wednesday.

The government cleared the launch of a programme of the Hungarian Development Bank (MFB) to support developments in the construction industry that improve efficiency, Péter Szijjártó said.

It also approved a more than 200 billion forint (EUR 554.7m) expansion of MFB’s balance sheet with the aim of making its lending activities more flexible, he added.

The scope of MFB’s guarantor activities has been broadened, and the lender will now be able to clear its venture capital transactions with the Competition Office (GVH) retroactively, Szijjártó said.

The government approved infrastructure upgrades at the industrial park in Szikszo, northeast Hungary, to make the region more attractive to investors, Szijjártó said.

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Developments to another four industrial parks in communication, electronics, energy and water supply have also been approved, totalling at 100 billion forints, to ensure ideal environment to future investors as soon as possible, he said.

Featured photo by Zsolt Szigetváry/MTI