EIB Group Outlays, Guarantees in Hungary Reach EUR 490 mln in 2023
The European Investment Bank Group, including the EIB and the European Investment Fund, supported Hungary's economy with EUR 490 million of new loans and guarantees in 2023, the EIB said on Monday, according to a report by state news wire MTI.
Nearly two-thirds of the outlays supported climate action and environmental sustainability.
The EIB signed an agreement with the Hungarian Development Bank (MFB) committing EUR 100m to support energy efficiency investments and renewable energy projects. It also extended an additional EUR 50m for energy-efficient renovations and upgrades.
The EIB provided backing for a EUR 40m loan to SG Equipment Finance Hungary to offer new financing for SMEs and mid-caps, mainly in the industry and services sector, with a focus on green investments.
A EUR 200m loan agreement, co-financing the Hungarian Rural Development Programme, will boost sustainable development in farming, food production, and rural areas, the EIB said.
The lender provided EUR 48m in backing for rooftop solar panels.
The European Investment Fund committed EUR 43m in support for Hungarian businesses last year.
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