• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Varga: Hungary signs EUR 500m loan from EIB to help investmentsVarga: Hungary signs EUR 500m loan from EIB to help investmentsVarga: Hungary signs EUR 500m loan from EIB to help investmentsVarga: Hungary signs EUR 500m loan from EIB to help investments
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • Wizz Air launches new service to Sweden

  • Forint on a slope again, and the worst may come next week

Support us
Daily News Daily News · 30/06/2015
· Business

Varga: Hungary signs EUR 500m loan from EIB to help investments

Budapest (MTI) – Hungary signed a 500 million euro loan from the European Investment Bank (EIB) on Monday.

The agreement, signed by EIB Vice President Laszlo Baranyay and Economy Minister Mihaly Varga, has preferential conditions and would make co-financing for European Union funded projects easier, Varga told a press conference before the signing.

Baranyay said the credit would support some 9 billion euros in investments.

“It will help to implement investments that are important for accelerating the EU convergence process and allowing Hungary to meet national strategic objectives in the areas of growth and employment, climate change and energy independence, all of which are key to achieving an increase in Hungary’s economic competitiveness and improving the quality of life of its citizens,” he said.

The EIB funds will support investments in water, including flood prevention, waste, energy efficiency, renewal and distribution as well as transport projects, completing the road and railway TEN-T and improving roads in less developed areas and railways throughout Hungary, the EIB said. In addition, it will co-finance projects related to the preservation of natural and cultural heritage.

In addition to large-scale infrastructure projects, the loan may also be used to finance smaller schemes, which, due to their limited size, would otherwise not qualify for direct EIB financing.

The EIB made a credit line of some 1 billion euros available to Hungary during the 2014-2020 programme period.

The EIB’s outlays to Hungary reached 891 million euros last year.

Source: http://mtva.hu/hu/hungary-matters

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
economy
Share

Hot news

  • Hungary celebrates 75 years as UNESCO member

  • What happened today in Hungary? – 26 September, 2023

  • Slovak Alliance politicians ‘unifying’ ethnic Hungarian forces

  • Hungarian banks to draft lending recovery plan

  • Creating CEElicon Valley – The HVCA held its annual investment conference

  • Video: is the spider woman living in Budapest?

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Hungary celebrates 75 years as UNESCO member

Hungary celebrates 75 years as UNESCO member

Read More
<b> What happened today in Hungary? – 26 September, 2023 </b>

What happened today in Hungary? – 26 September, 2023

Read More
Slovak Alliance politicians ‘unifying’ ethnic Hungarian forces

Slovak Alliance politicians ‘unifying’ ethnic Hungarian forces

Read More
Hungarian banks to draft lending recovery plan

Hungarian banks to draft lending recovery plan

Read More
Creating CEElicon Valley – The HVCA held its annual investment conference

Creating CEElicon Valley – The HVCA held its annual investment conference

Read More
Video: is the spider woman living in Budapest?

Video: is the spider woman living in Budapest?

Read More
Looking for a property near Lake Balaton? You’ll have to dig deep into your pockets!

Looking for a property near Lake Balaton? You’ll have to dig deep into your pockets!

Read More
This is why Hungarian is the strangest language in Europe

This is why Hungarian is the strangest language in Europe

Read More
“I came out and proud”- 3rd Pride Parade in Pécs

“I came out and proud”- 3rd Pride Parade in Pécs

Read More
Gruesome details about the bomber in Esztergom: he decided to kill cops

Gruesome details about the bomber in Esztergom: he decided to kill cops

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?