Investments in tourism to be boosted (Hungary)
Budapest, August 22 (MTI) -The tourism sector in Hungary will experience unprecedented increase in investments over the next years, an MP of the senior government coalition MSZP party told reporters on Wednesday.
Over the next six years a total of 800-1,000 billion forints (EUR 3-3.8bn) are expected to be invested in boosting the sector, MSZP's tourism group leader Bela Pal said. Over 300 billion forints (EUR 1.14bn) will be available in EU funds and the rest will be provided by the government, local governments and businesses, he said.
Earlier, the government spokesperson said the Hungarian government would increase its investments in tourism, which accounts for 9 percent of the GDP.
Source: English - Hungarian News Agency Corp.
Labels: Budapest, Hungary, Investments, tourism
