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BKV to take out new HUF 5 billion loan

Budapest public transport company BKV is to take out a new mid-term HUF 5 billion (€17.85 million) loan to finance its operations, the business daily Napi Gazdaság said on Friday.

KDB is to provide BKV with a HUF 3 billion credit line, with CIB Bank providing HUF 2 billion. The two banks were selected through public-procurement procedure. (MTI-Econews)