3-year grace period for HUF 10 mln loan included in action plan

Government

A HUF 10 million interest-free quick loan included in the action plan for reopening the economy will help the most vulnerable small- and medium-sized enterprises, Minister of Finance Mihály Varga said on Kossuth Rádió.

The HUF 100 billion loan program includes a three-year grace period before repayment, and the cabinet will also allow time for the sector to recover, Varga stressed.

Thanks to the measures of the economic reopening action plan and the government wage subsidies, there may be 4-5% percent economic growth in Hungary this year, Varga calculated.

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