ADVERTISEMENT

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.

ADVERTISEMENT

Graphisoft Park profit fell 10% in 2020 Office Market

Graphisoft Park profit fell 10% in 2020

Europe perceived as region of greatest opportunities for com... Analysis

Europe perceived as region of greatest opportunities for com...

EU-funded scheme gives 230,000 Hungarians digital skills EU

EU-funded scheme gives 230,000 Hungarians digital skills

Half a million guest nights booked for April Tourism

Half a million guest nights booked for April

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.