Hungary signs for €620 mln in loans from EIB
Hungary has signed an agreement to take out two loans worth a combined €620 million from the European Investment Bank (EIB).
The EIB, owned by EU members, can lend at lower rates than most commercial banks because its AAA credit rating allows it to raise funds more cheaply. “We can lend in a way that it doesn't put too much of a burden on the budget,” EIB Vice President Ivan Pilip said at the press conference.
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.