• Home
• Channel: Current Affairs
• Hungarian Armed Forces Get HUF 130 Billion For Developments

Hungarian Armed Forces Get HUF 130 Billion For Developments

• 18 Mar 2021 9:04 AM
• Hungary Matters

Norway is providing Hungary with 348.5 million euros of financing with a view to strengthening Hungary’s combat defence capabilities through Export Credit Norway (ECN) and the Norwegian Export Credit Guarantee Agency (GIEK), the Ministry of Finance said on Wednesday.

The credit is tied to the 410 million euro NASAMS contract concluded by Hungary and Norwegian supplier Kongsberg Defense and Aerospace AS last November.

The financing is cheap and will help to keep the public debt curve favourable while giving the country broader debt-management foundations, the ministry said, adding that the credit framework applies within the country’s Zrínyi Defence and Armed Forces Development Programme, “the largest and most comprehensive defence programme of the past 25 years”.


MTI Photo: Zsolt Czeglédi

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Armed Forces Combat Defence

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Details Revealed from Secret Hungarian Report on Connection Between Migration & Terrorism

• 3 Nov 2023 6:07 AM

The secret service report on the connection between migration and terrorism has been made public, Máté Kocsis, group leader of ruling Fidesz, said on Facebook, adding that the report “clearly shows the risk the irresponsible migration policy of Brussels poses to the security of Europe”.



PM Orbán’s Brother to Teach Police & Soldiers About Guns in 'Combat Academy

• 16 May 2023 7:15 AM

Áron Orbán took his penchant for weapons and founded the Hungarian Academy of Martial Arts. Now, Prime Minister Victor Orbán’s brother has had a vision – a shooting range in a Nógrád village, where his academy will teach marksmanship to law enforcement and defence forces.



Chief of Hungarian Armed Forces Unexpectedly Dismissed With Immediate Effect

• 28 Apr 2023 7:45 AM

President Katalin Novák on Thursday relieved Romulusz Ruszin-Szendi of his duties as Chief of the Hungarian Armed Forces at the proposal of Minister of Defence Kristóf Szalay-Bobrovniczky.



'We Are Closer Than Ever To World War', Says Orbán

• 13 Mar 2023 6:27 AM

The world is closer than ever to a local conflict becoming world war, Prime Minister Viktor Orbán told public radio.