Eximbank, Belarus in $10 million credit agreement

Initiatives

The Hungarian Export-Import Bank (Eximbank) and the Development Bank of the Republic of Belarus signed a $10 million purchasing-credit agreement in Budapest yesterday.

Under terms of the agreement, Eximbank will provide “preferential financing” to Belarusian importers of Hungarian product.

Foreign Trade State Secretary Péter Szijjártó, on hand to sign the agreement touted its potential to “provide the flow of Hungarian exports to Belarus with renewed momentum”; trading between the nations has yet to return to its peak of nearly $326 million set in 2008. 

According to official statistics, trade between Hungary and Belarus rose 7% to $250 million in 2013.

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