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Ft 25 bln credit line for multinationals? local suppliers

The Economy and Transport Ministry, the Hungarian Investment and Trade Development Kht (ITD Hungary) and the Hungarian Development Bank Rt (MFB) have jointly launched a program to assist SME?s in the processing industry supplying large industrial companies or interested in becoming suppliers. The main element of the initiative is a low-interest credit line with Ft 25 billion funding. The ministry is hopeful that the program will not only facilitate suppliers? activities but also encourage large investors to plan for the long term in Hungary.