Gov’t mandates HUF 45 bln capital raise at Eximbank for Egyptian railway order
The Hungarian government mandated a HUF 44.8 bln capital raise at the Magyar Export-Import Bank "in relation to the delivery of carriages to the Egyptian State Railways", a resolution published in the latest issue of the official gazette Magyar Közlöny reveals.
The resolution states that the capital raise is to be made "after the signing of the commercial contract on the delivery of the railway vehicles."
A declaration of intent on railway cooperation, involving the delivery of 700 carriages to Egypt, was signed in Budapest last week, during a visit to the capital by Egyptian president Abdul Fattah al-Sisi, Hungarian news agency MTI noted.
Hungary’s Prime Minister Viktor Orbán met the Egyptian leader last week, and praised Egypt and al-Sisi, noting that a new chapter has opened in Hungarian-Egyptian relations.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
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.
