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The government wants to start a HUF 30 billion bank guarantee program to assist food industry companies hit by the crisis, government spokeswoman Bernadett Budai said.
The 90% government-backed guarantees would come into force on June 1, Budai said. The government aims to give commercial banks an incentive to lend to food industry companies, thus supporting their operation, improving competitiveness and preserving jobs, she added.
The program is aimed mainly at big companies with loans of HUF 200 million – HUF 2.5 billion. (MTI – Econews)