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EIB Lends Hungary Euro 146 Million for Health-Care Sector

• 9 Jul 2021 7:43 AM
• Hungary Matters

The European Investment Bank (EIB) has signed an agreement with Hungary on a 146 million euro loan to support the country’s procurement of protective equipment in preparation for a potential fourth wave of the coronavirus pandemic, the finance ministry said in a statement.

The ministry noted that the EIB had already approved a 162 million euro loan for Hungary last summer.

Hungary is being given the loan on favourable terms, the ministry said, adding that it will save the budget a significant amount of funds while supporting the country’s pandemic defence efforts.

The government has so far spent up to 1,200 billion forints (EUR 3.37bn) on pandemic response measures and will continue to provide the funding necessary to defend against the virus, it added.

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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.

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