Hungarian and Turkish Eximbank to set up investment fund
Exim – the joint aegis of Hungarian Export-Import Bank (Eximbank) and the Hungarian Export Credit Insurance Company (MEHIB) – and Turkish Eximbank will set up a €50 mln investment fund in the near future, Exim director Gábor Szőcs said yesterday.
Szőcs was addressing a Hungarian-Turkish economic forum organized by the Hungarian Chamber of Industry and Trade (MKIK). Szőcs said the Turkish Eximbank is one of three Turkish banks they have a cooperation agreement with. He noted Exim's export credit program that provides preferential-condition export finance to SMEs.
Some €1 bln is earmarked for the program this year, sharply up from €150 mln in 2012. Hungary's ambassador to Turkey, Gábor Kiss named energy, food and agriculture, machine production, waste and water management, environmental protection and IT as areas with a potential for Hungarian businesses. Hungarian companies could also partake in privatization projects in Turkey, he said.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Number of Residential Developments in Cities Falls 9%
Veronika Spanarova Wins Expat CEO of the Year Award 2023
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.
