NGM: the Gábor Baross Reindustrialization Loan Program remains a huge success
In order to strengthen Hungarian businesses and increase their performance, the government decided at the end of 2023 to extend the Gábor Baross Re-Industry Loan Program by providing an additional HUF 200 billion fund until July 1, 2024, the Ministry of National Economy (NGM) told MTI on Friday.
It was highlighted that the government provides a total of HUF 1,200 billion for the economy through the Gábor Baross Reindustrialization Loan Program, which is one of the country’s most successful loan programs to date.
Thanks to the government’s decision, domestic players in the automotive, food, pharmaceutical, construction, logistics, tourism-hospitality, telecommunications sectors and the green industrial transition can submit their applications for the products of the restarted Gábor Baross Reindustrialization Loan Program from January 15, 2024, they recalled. in the announcement.
As part of the loan program, the government provides extremely favorable financing for businesses, so economic operators can access 10-year loan and 5-year leasing products, with an interest rate of 5 percent in forints and up to 3 percent in euros.
Related news
NGM: decisions have already been made on the development plans of more than fifty companies in the Demján Sándor Capital Program
Despite pressure from Brussels, the government is doing everything it…
Read more >Deputy State Secretary of the Ministry of Education and Culture: Applicants are still being accepted for the Summer Student Work Program
More than 21,000 people have already taken up work within…
Read more >A new era of receipts: e-cash registers are now available, will be mandatory from 2026
From September 1, 2026, it will be mandatory for all…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >