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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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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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