Hungary to unveil new economic stimulus measures soon: minister

Hungary’s government will soon unveil new economic stimulus measures to ensure that economic growth remains above four percent in the years ahead, Economy Minister Mihaly Varga told the Magyar Idok newspaper in an interview published on Thursday.

Varga also said Hungary was satisfied with its agreement with the European Bank for Reconstruction and Development under which the two sides own 15-percent stakes each in the local unit of Austrian Erste Group Bank (ERST.VI).

Varga said the government did not plan to review its ownership of the stake, and no further bank sector measures were in the pipeline apart from the privatization of state-owned Budapest Bank, which is still being prepared.