7 economic recovery acceleration measures approved

Government

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Hungary's government has approved seven more measures to accelerate the economic recovery, Minister of Foreign Affairs and Trade Péter Szijjártó said, according to origo.hu.

The steps were proposed by the operative corps for coordinating the economic recovery, which Szijjártó heads.

One measure allows skilled laborers from non-EU countries not among Hungary's neighbors to work in Hungary through temporary staffing agencies. Another eliminates all bureaucratic hurdles for accessing workplace creation job subsidies if companies hire registered job-seekers, he added.

The measures also cut notary fees for SMEs taking out loans by 50%, and they reduce the cost of archaeology work required before investments can start, he said.

The government cleared a Magyar Eximbank program for financing Hungarian companies' acquisitions abroad and another to support environmentally-friendly and sustainable investments, he added.

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