Hungary repaying almost 3 billion in this month to IMF

repay imf

Hungary recorded the largest expenditure on research and development since the change of regime in 2012, said Zoltán Cséfalvay, state secretary at the Economy Ministry. He told InfoRadio on Thursday that R&D spending totalled 1.29 of gross domestic product last year, as businesses, especially large corporates have understood the importance of R&D. He also spoke about the “early” repayment of the debt to the IMF.