Economics

Applications for the government's new Ft 40 billion farm credit line will be accepted as of Feb. 1, according to Deputy CEO Sándor Aladics of the Hungarian Development Bank Rt (MFB), which will extend the loans. The government had approved plans to launch the program in one of its last sessions in December, however, the announcement was pending another government decision regarding the technicalities. Yesterday's cabinet meeting also approved a state exchange rate guarantee for MFB's bond issues and other refinancing arrangements. (Vg 9) P.P.