ADVERTISEMENT

MFB to establish countrywide points for EU-supported credit

Banking

The state-owned Hungarian Development Bank (MFB) will make EU-supported financing available to companies at 400 points around the country, The Prime Ministerʼs Office said on Wednesday, according to Hungarian news agency MTI.

The office said 397 of the points would be located outside of the capital.

MFB will sign the financing contracts with the companies, while local banking partners will be in charge of supervision and assisting with management. MFB will also offer its own financial products to clients. MFB will pick its partners for the scheme in the autumn.

The government wants MFB to disburse approximately HUF 1.0 trillion of EU-supported financing in the next seven years.

Hungary Fuel Prices Fall Below Avg in Neighboring Countries Figures

Hungary Fuel Prices Fall Below Avg in Neighboring Countries

Hungary Treats Smooth EU Transition as Priority, Says Bóka EU

Hungary Treats Smooth EU Transition as Priority, Says Bóka

Gov't Distributing 200,000 Digital Notebooks to Students Innovation

Gov't Distributing 200,000 Digital Notebooks to Students

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

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.