V4 to discuss regional bank plan this month
(Photo: MTI/Szilárd Koszticsák)
The prime ministers of the Visegrád Group (the Czech Republic, Hungary, Poland and Slovakia) will decide on the time frame for establishing a regional development bank at a summit in Budapest on January 26, Hungaryʼs Prime Minister Viktor Orbán said Friday.
Photo: MTI/ Szilárd Koszticsák
"The four prime ministers will meet again in Budapest on January 26 and weʼll decide on a date then," Orbán said in a weekly interview on public radio channel Kossuth when asked about the time frame for establishing the bank, national news agency MTI reported. Orbán discussed the establishment of the bank with his Polish counterpart Mateusz Morawiecki at a meeting in Budapest earlier this month.
Orbán reiterated remarks he made at a meeting of German business leaders earlier in January on seeking financing from China for infrastructure developments in the region. The European Unionʼs regional cohesion funds are limited, and if funding from European institutions, such as development banks, is insufficient or too costly, Central Europe needs to seek financing from outside Europe, Orbán said.
"China is willing to finance development programs in Central Europe with better conditions than European ones. China is not a danger but an opportunity," he added.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Calls on Fuel Companies to Adjust Prices to Regional A...
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
