EIB lends €25 mln to MAM Hungaria for R&D, expansion
The European Investment Bank (EIB) loaned €25 million to MAM Hungaria, the Hungarian unit of BAMED MAM Group, which develops and distributes baby care products, the EIB announced today, according to Hungarian news agency MTI.
“The EIB loan will support the companyʼs development of innovative infant and toddler accessories, with a particular focus on bringing improved and safer products to the market. It will support a major employer in Western Transdanubia in Hungary and back the companyʼs expansion plans, which are expected to result in significant job creation,” the EIB said.
The loan is the first transaction in Hungary supported by “InnovFin - EU Finance for Innovators”, a new generation of financial instruments backed by the European Union under Horizon 2020.
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.