Hungary’s Orban Offers More Subsidized Loans to Spur Economy
The government is trying to make sure to meet its forecast of 3.1% growth in gross domestic product next year, Orban said.
Photographer: Akos Stiller/BloombergHungary’s government is expanding its programs of subsidized loans as part of efforts to boost the economy, according to Prime Minister Viktor Orban.
Small and medium-sized enterprises will have access to fixed-rate loans at 3% interest starting on Monday, Orban said at a press conference in Budapest on Saturday. Each loan will be capped at 150 million forint ($450,000).