Hungary Launches Cheap Loans to Save Tourism: Can Small Companies Survive the Season? – Archyde

Hungary launches cheap loans to save tourism: Can small companies survive the season? – Archyde

Archyde Breaking News: Hungary Launches Targeted Tourism Credit Programs, Balaton Sees Surge in Passengers In a strategic move to boost economic recovery, the Hungarian government, through the Ministry of Economic Affairs,… You can read the full story here: Hungary launches cheap loans to save tourism: Can small companies survive the season?.

Hungary launches cheap loans to rescue tourism: can small businesses survive the season?

Hungary’s government is creating new targeted loan programmes for the tourism industry, the National Economy Ministry told MTI on Thursday. The ministry will be establishing the Kisfaludy Tourist Credit Centre (KTH) with the goal of providing favourable credit and loan facilities to actors in the tourism sector. Outlays of working capital loans and investment loans are expected to start in October through the KTH Start loan scheme. The new insti…