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EIB issues Eur 100 mln loan to Hungary for SMEs
For small, medium investments and infrastructure projects
22 October, 16:12
(ANSA) - TRIESTE - The European Investment Bank (EIB) has issued a 100 million euros loan to the Hungarian Development Bank (MFB). According to a note published by EIB, the funds are destined to finance small and medium investments and infrastructure projects executed by SMEs and public sector. "The improved availibility of longterm financing represents a crucial development for the Hungarian small and medium enterprises (SMEs) - the backbone of the country's economy, said Laszlo Baranyay, EIB vice-president responsible for lending operations in Hungary. So far, EIB has contributed around one billion of euros to Hungary through MFB. (ANSA).
