Gov't approves measures to support economic recovery

Government

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The government has approved four more proposals made by the Operative Corps in charge of coordinating the economic recovery, Péter Szijjártó, who chairs the body, said on Tuesday.

The government approved a proposal to raise the allocation for subsidized investment loans for microbusinesses and SMEs from HUF 150 billion to HUF 300 bln, allowing 900 companies access to the credit for boosting competitiveness, Szijjártó said.

It also cleared HUF 4 bln in additional funding for infrastructure investments in the city of Göd, on the outskirts of Budapest, supporting the further expansion of Samsung SDI's battery plant there, he added.

The government approved the construction of a road connecting Páty, west of the capital, with the M1 motorway, drawing more investments to the region, and it decided to accelerate the construction of the new Transport Museum at a brownfield site in Budapest's District X.

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