Hungary sets up export measures to counter strong forint

16/07/2001

The Hungarian Economy Ministry has said it is planning measures to help small and medium-sized exporters deal with the strengthening forint, including insurance against exchange rate losses, counselling and loans.

Meanwhile the country’s statistic office (KSH) has said that industrial producer prices were down 0.7% in May compared to the previous month and up 7% compared to the same period last year. In April the prices were 0.2% up compared to March. May 2000 producer prices were 12.3% up year-on-year. KSH also informed that GDP grew 4.4% in Q1, with a 6.3% expansion in tourism.