ADVERTISEMENT

Raiffeisen, KBC lend to Hungary's state railway

MNB

Raiffeisen Zentralbank Oesterreich AG and Belgium's KBC Group NV are among five banks lending a total Ft 58.5 billion ($278 million) to Hungary's unprofitable state railway company MÁV Rt, Napi Gazdaság reported. Sanpaolo IMI SpA's Inter-Europa Bank, Korea Development Bank, and Hungary's Takarékszövetkezeti Bank Rt. will also take part in financing MÁV's operations, the newspaper said. Raiffeisen will lend Ft 28.5 billion, while KBC's Hungarian unit will provide a loan of Ft 10 billion, the newspaper said.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.