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Massive 'Survival' Loan Keeps Budapest Public Transport Running

• 25 May 2023 5:46 AM
• Hungary Matters

The Budapest assembly on Wednesday approved an agreement between Budapest public transport company BKK and K&H Bank, of a 24 billion forint (EUR 63.9m) loan, as part of the municipality’s “survival programme”.

The proposal, submitted by Deputy Mayor Ambruss Kiss, was carried with 17 votes in favour, 2 against and 9 abstentions.

The loan will ensure BKK’s operation between June and September, and will have to be paid back by September 18, the proposal said.

MTI Photo: Noémi Bruzák

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