Varga noted that the average debt owed by Hungarian families on their homes was 7 million forints and that employers’ contributions could be used to pay off foreign-currency denominated loans, too.

Varga said opening Hungexpo’s Construma building industry trade fair that a subsidised home modernisation programme would also be launched soon, supported by state and European Union funding. Construma, which featured 510 exhibitors from 14 countries runs until Sunday.

Source www.hungarymatters.hu

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