Eximbank to open €370 mln credit line to support Hungarian-Romanian business partnerships
mti ildiko baranyi
Hungaryʼs Eximbank is opening a €370 million line of credit to support cooperation between Hungarian and Romanian businesses, Minister of Foreign Affairs and Trade Péter Szijjártó said in Bucharest on Friday, after meeting with his Romanian counterpart Lazar Comanescu.
Minister of Foreign Affairs and Trade Péter Szijjártó and his Romanian counterpart Lazar Comanescu. (Photo: MTI/Ildikó Baranyi)
Szijjártó said the sides had agreed that an interconnector between the Romanian and Hungarian gas networks would be completed in 2019. The project, which is supported with European Union funding, will significantly boost the energy security of the region, he added.
He said Hungaryʼs M4 motorway could be connected via a fast road to the A3 motorway in Romania within two years.
More border crossings must be built, as well, he added, noting that crossings now lie 40 km apart, much farther than the 2-3 km distance on average in Western Europe.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
