Gov't approves further Operative Corps proposals

Government

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The government has approved another six proposals made by the Operative Corps in charge of coordinating the economic recovery, Minister of Foreign Affairs and Trade Péter Szijjártó, who chairs the body, said in a video message posted on Facebook on Wednesday.

The government cleared the launch of a Hungarian Development Bank (MFB) program to support developments in the construction industry that improve efficiency, Szijjártó said.

It also approved a more than HUF 200 billion expansion of MFB's balance sheet with the aim of making its lending activities more flexible, he added.

The scope of MFB's guarantor activities has been broadened, and the lender will now be able to clear its venture capital transactions with the Competition Office (GVH) retroactively, Szijjártó said.

The government approved infrastructure upgrades in Szikszó (161 km northeast of Budapest) and HUF 100 bln of telecommunications, energy, and water infrastructure investments in four industrial parks that are expected to draw new investors, he added.

The six proposals bring the total number of measures initiated by the Operative Corps that have been approved by the government to 35.

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