Posted by: Gabor Grenczer, Counsellor, Economy and Trade Posted on: Monday 07 February 2011, 17:00

The recently launched New Széchenyi Plan aims to help Hungary raise GDP growth to 4pc-6pc annually by 2014 from current growth of 1pc per year through increasing the country's investment rate to 22pc from the current rate of 17pc and create 250,000-300,000 new jobs over that period, National Development Agency President Zoltan Petyko said on Wednesday.

Mr Petyko noted that HUF 597m has been made available for transportation development and atypical employment in the first phase of the New Széchenyi Plan launched on January 17. An additional HUF 510m will be made available for business, transportation and vocational development, green economic projects, the health industry and innovation in the second phase of the plan to be launched on March 1.

Date: 2011-01-27