• Home
• Channel: Finance
• Budapest Assembly Votes to Take Out HUF 32 Billion Loan

Budapest Assembly Votes to Take Out HUF 32 Billion Loan

• 30 Jun 2022 11:45 AM
• Hungary Matters

The Budapest Assembly on Wednesday voted to take out a 32 billion forint (EUR 80.1m) development loan.

According to the resolution approved by city councillors, Budapest will obtain the 20-year loan from the consortium led by OTP Bank to finance developments planned for this year.

The loan agreement will require the approval of the government.

The decision passed with 17 votes in favour and 9 votes against from ruling Fidesz-KDNP councillors.


MTI photo

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

• Budapest Assembly Loan

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

Inflation in Hungary Predicted to Rise Over Coming Months, A National Bank Director Reveals

• 20 Dec 2024 6:38 AM

Inflation in Hungary will temporarily rise in the coming months, but will remain within the tolerance band throughout most of 2025, Andras Balatoni, a director of the National Bank of Hungary (NBH) said.



Non-Performing Loans at Hungarian Banks Falls Most in Region

• 11 Dec 2024 5:30 AM

The volume of non-performing loans at Hungarian banks fell by 9.5pc to EUR 4.2bn in the twelve months to the end of June, the largest decline among 17 countries in central, eastern and south-eastern Europe covered in a report by the European Bank for Reconstruction and Development (EBRD).



Central Bank Base Rate Remains Unchanged in Hungary at 6.50% - Here's Why

• 19 Nov 2024 4:58 PM

The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.



Subdued Outlook: New Interest Rate Cut by National Bank in Hungary

• 25 Sep 2024 5:46 AM

The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 6.50pc at a monthly policy meeting.