Government promises to uphold EBRD agreement
The Hungarian government will keep its agreement with the European Bank for Reconstruction and Development (EBRD), National Economy Minister Mihály Varga said today, following a meeting with EBRD vice president for risk Betsy Nelson.
The government hopes that EBRD will assist in encouraging economic growth in the coming years, the National Economy Ministry said in a statement.
Under the agreement, Hungary has committed to reducing in the bank levy.
The minister said earlier that economic growth in Hungary is happening without a real increase in lending but the government hopes that "a reduction in the bank levy will be matched by an increase in lending".
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