Budapest District 4 to issue bonds worth HUF 5 bln
The local council of Budapest's District IV voted on Tuesday to issue a HUF 5 billion municipal bond, mayor Zsolt Wintermantel told MTI on Wednesday.
The local council will use the proceeds from the issue to build a swimming pool and a clinic as well as renovate two high-profile areas in the district, Wintermantel said.
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.