BUDAPEST, Oct 4 (Reuters) – Hungarian Prime Minister Viktor Orban announced on Saturday a new cheap loan programme for small and medium businesses at a fixed 3% interest rate, set to launch on Monday, as he seeks to fend off a surging opposition challenge.
In power since 2010, the nationalist leader faces what analysts say could be his toughest election next year, with the economy stagnating and stubborn inflation preventing interest rate cuts by the central bank.
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The new loans follow a subsidised home loan programme for first-time buyers introduced last month at below half the market rate. The central bank’s benchmark rate stands at 6.5%.
TAX CUTS FOR BUSINESSES
Hungary’s Orban launches cheap loans for businesses as election nears
