The government supports the tourism sector with a new tool

By: Trademagazin Date: 2025. 05. 26. 11:23

Tourism is a sector of strategic importance for the Hungarian economy, which has achieved outstanding results in the past year. The government aims to further strengthen the momentum and competitiveness of the sector, which accounts for 13 percent of GDP, in the long term. To this end, the Ministry of National Economy (MNE) is developing the institutional framework for the broad financing of tourism service providers, and a financial service provider serving the credit needs of the tourism sector will begin operating this year. The social consultation on the legislative amendment affecting the tourism sector will begin on Monday, the MNE told MTI on Monday.

It was highlighted that with its explosive performance, the tourism sector played a decisive role in the economy in 2024 as well: it provided 80 percent of the current account surplus, worth approximately 3.8 billion euros. In addition, more than 10 percent of the central budget’s revenues were generated by tourism-related consumption and employment. The growth of the sector affects the daily lives of a significant part of society, as it contributes to the livelihood of more than 400 thousand families.

The development of Hungarian tourism, strengthening the competitiveness of the hospitality industry, and the economic revitalization of rural areas are priority economic goals. Thanks to the tourism boom, the sector’s performance is continuously increasing.

Significant developments are already underway across the country, but for their further expansion, there is a significant need for a new form of financing, which a new financial institution tailored to the specific needs of the sector can provide.

Flexible and predictable financing structures can increase the financial stability of the entire sector and, in the long term, pave the way for larger sectoral investments. The social consultation on the legislative amendment affecting the tourism sector will begin on Monday, the Ministry of Tourism announced in a statement.