The programme was launched in 2012 with a 150 million euro framework, but the amount has been raised to 1 billion due to strong demand, Eximbank’s chief executive, Roland Nátrán, said. There is practically no limit to further expanding the framework, he added.

Economy Minister Mihály Varga said almost 500 companies had taken advantage of credit under the programme in which 21 lenders are participating.

Earlier, the minister said the programme had contributed 0.8% to economic growth last year and would contribute a further 1.1% in 2014. The funding will support the creation and preservation of 80,000 jobs, he added.

Source www.hungarymatters.hu

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