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EIB Group invests EUR 891 mln in Hungary in 2021

EU

The European Investment Bank (EIB) and group member the European Investment Fund (EIF) invested a record EUR 891 million in Hungary last year, the lender said on Tuesday, news agency MTI reports.

The EIB invested EUR 880 mln in the country, including EUR 300 mln in co-financing for a government program supporting home energy efficiency upgrades, EUR 150 mln for the state's student loan company, and EUR 146 mln for the acquisition of pandemic medical supplies. It also signed a EUR 50 mln agreement with UniCredit Bank for financing for SMEs hit by the coronavirus crisis.

The EIF invested EUR 11 mln in the Hungarian economy last year, including EUR 5 mln in equity and EUR 6 mln in credit guarantees.

The EIB has invested some EUR 10.4 bln in Hungary over the last 10 years.

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