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Hungary expands retail govt securities sales network

The sales network for retail government securities will be expanded in the coming days, National Economy Minister Mihály Varga said on public television late Tuesday. Points of sale will open soon in Budapest's District V, in Hódmezővásárhely, Kisvárda, Sopron and Karcag, Varga said on M1's Az Este program. He reiterated the government's aim to finance the country's state debt from investors inside the country rather than outside. Retail investors' holdings of forint government securities more than doubled to almost HUF 1,000 billion in 2012, boosted by a government promotional campaign.