Márton Nagy: the government will launch a capital program soon

By: Trademagazin Date: 2023. 02. 03. 10:43

He highlighted: the program targeting capital funds will be presented to the government in the coming weeks; it will also cover green investments and capacity expansion.

“Positive surprises” may hit the economy’s players this year, growth may be 1.5 percent with upside risks, inflation may decrease rapidly and become single-digit by the end of the year, the situation of foreign trade and the budget may improve, the labor market will remain stable, he noted.

The Minister of Economic Development said that the capital program is being launched by the government within the framework of the Gábor Baross Reindustrialization program, adding to its “credit leg”.

He reminded that, within the framework of the loan program, businesses can apply for a forint loan with an interest rate of 6 percent, 5 percent in the case of green investments, and 3.5 percent in the case of a euro loan.

The economic policy measures “will come to fruition”, he said, after maintaining growth, avoiding recession, and suppressing inflation, the economy can “take off” in 2024.