3% Fixed-Rate Loans Announced for Businesses

Hungarian Prime Minister Viktor Orbán and Elek Nagy, President of the Hungarian Chamber of Commerce and Industry (MKIK), held a joint press conference in Budapest on Saturday morning, where they made a significant economic announcement: businesses will be able to obtain 3% fixed-rate loans through the Széchenyi Card Program. The maximum loan amount is HUF 150 million (about EUR 0.39 million), and it will be available from October 6.

The Prime Minister emphasized that the economic situation in Europe is not favorable: Europe’s competitiveness is steadily declining, energy prices are high, and the Ukrainian-Russian war is generating further economic disputes. In this environment, it is particularly important for the government and the chamber to work closely together to support the development and growth of businesses.

According to Viktor Orbán, the loan opportunity just announced is the first major fruit of this cooperation.

As part of the 2026 budget, the government is providing a total of HUF 320 billion (EUR 822.6 million) to businesses through the chamber, of which the program just announced accounts for HUF 60 billion (EUR 154.2 million). In addition, the Széchenyi Card system will receive HUF 250 billion (EUR 642.7 million) in support in 2025.

Elek Nagy emphasized that cooperation between the government and the chamber is crucial, as the chamber provides the basis for a knowledge-based economy.

The chamber brings together nearly one million businesses and actively collects information, makes recommendations, and organizes training programs to encourage innovation and the use of artificial intelligence.

At the press conference, Viktor Orbán also touched on the possible introduction of the Tisza tax. He said that there is a lot of confusion surrounding the issue, as politics and the entertainment industry have become intertwined, making it difficult to decide what to take seriously. He also emphasized that opposition parties have long been following Brussels initiatives, such as the multi-band tax system, which would mean a tax increase, and therefore the debates are always with their “masters.” According to the prime minister, the German economic model is in crisis, which the German chancellor has also acknowledged.

In May, Viktor Orbán announced a strategic cooperation between the government and the MKIK, with the aim of providing an effective joint response to future economic challenges. The president of the chamber has previously emphasized the need to simplify taxation, especially for small businesses, so that entrepreneurs can focus on operations and growth.

Via Világgazdaság; Featured photo: Facebook/Orbán Viktor

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