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Eximbank signs with Bank of Moscow

The Hungarian Export-Import Bank (Eximbank)Rt and the Bank of Moscow signed an agreement yesterday to offer a framework of USD 30 million in loans to the City of Moscow and other local councils, as well as Russian companies to finance imports from Hungary, Eximbank said. The loans will be available to Russian cities and companies to finance purchases of machinery and equipment made in Hungary. The Bank of Moscow's unit in Belarus will offer the loans to buyers of Hungarian exports there too. The loans will be available for runs up to two years, and from two to five years. (Econews; MH 12)