EIB Signs for EUR 804 mln in New Financing for Hungary in 2022

EU

The European Investment Bank (EIB) and the European Investment Fund (EIF) signed for EUR 804 million in new financing for priority investments in Hungary last year, the lender said on Monday, according to a report by state news wire MTI.

Three-quarters of the funding for energy, transport, and innovation, as well as SMEs and mid-caps, supported climate action and environmental sustainability, the EIB said.

"Our support for affordable energy-efficient homes, safer and cleaner public transport, and green financing for SMEs and mid-caps is helping Hungary accelerate the transition to a greener and more prosperous future that leaves no one behind," said EIB Vice-President Teresa Czerwinska.

Looking ahead, the EIB Group is "particularly focused" on green investments in the railway sector, infrastructure development, energy, and financing for SMEs and mid-caps, she added.

The EIB noted that its advisory services have helped Hungary attract more than EUR 22 bln in investment in projects in transport, water, health, research, circular economy, and other sectors since 2006.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

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.