Hungary’s Govt To Discuss Paks Loan On Wed
- 18 Feb 2014 7:00 AM
The government will discuss a credit agreement between Russia and Hungary financing an upgrade of the Paks nuclear power plant at a cabinet meeting on Wednesday, National Economy Minister Mihály Varga said at a press conference on Friday.
The government will decide at the meeting whether to approve the agreement in its present form, Varga said.
Russia is lending Hungary 10 billion euros at favourable rates to build two blocks at the Paks plant. The credit will cover 80% of the cost.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN current affairs