Tuesday, 03 October 1995
Volume 2, Issue 191
**THE MINISTRY OF REALISM**
Hungary's Industry and Trade Ministry and the Finance Ministry
disagree about the country's growth rate over the next few
years. Industry and Trade Minister Imre Dunai said Hungary's
Gross Domestic Product, or GDP, should grow by an anual rate
of 2 to 3 percent over the next 3 to 5 years. Dunai said he
doubts the Finance Ministry's more optimistic GDP forecasts of
2 to 3 percent in 1997 and 4 to 5 percent in 1998. But he
wouldn't say why. Dunai said his figures are based on
predicted industrial growth of 5 to 6 percent in the next few
years. He added Hungary has lost 30 percent of its industrial
capacity since 1990, about the same as in World War II.
However, there've been some encouraging signs recently.
According to Dunai, Hungarian industrial exports grew by 30
percent this year and last year. --David Fink
**GERMAN CAPITAL KEEPS HUNGARIANS MOVING**
Hungarian Prime Minister Gyula Horn and German Chancellor
Helmut Kohl signed an agreement yesterday guaranteeing $350
million in bank credits. Two German states, Bavaria and
Baden-Wuerttemberg, each contributed another $175 million in
further guarantees. Bonn's credits will be linked to specific
projects designed to boost Hungary's transportation sector,
infrastructure, energy conservation, and small and
medium-sized businesses. The two German states' guarantees
are linked to investment in Hungarian companies in which
German firms have a stake.
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