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Boom in 'baby bonds' for newborns

Tourism

So far this year more than HUF 1 bln has been placed in Hungarian "baby bonds", the head-start savings accounts opened by the state for newborns, according to business daily Világgazdaság.

Out of 53,283 babies registered with the state treasury in January-July this year, 21,377 had a head-start account. This compares with only 5,000 accounts opened for more than 50,000 babies in the first seven months of 2013.

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