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8th July, 2019

Ft 260bn for tourism projects

Development funds available for tourism under the Széchenyi 2020 program in the current EU’s 2014-20 budget cycle will reach Ft 260 billion, Innovation and Technology Ministry state secretary Tamás Schanda said on Friday.

Some Ft 33 billion of the total is earmarked for investments near Lake Balaton.

The government, which sees tourism as a strategic sector, wants to increase the sector’s contribution to GDP from 10% at present to 16% by 2030, he added.

The government’s aim is that Hungary should be the leading tourist destination in Central Europe by that time.

There are 26 projects planned around Lake Balaton, including the upgrade and expansion of the bicycle path around the lake, and the development of harbours, holiday parks, and hiking trails.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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