• Home
• Channel: Finance
• Court Orders Release of 1 Billion Euro Chinese Loan Contracts with Hungary

Court Orders Release of 1 Billion Euro Chinese Loan Contracts with Hungary

• 20 Jun 2025 2:51 PM
• Hungary Around the Clock

The state debt manager ÁKK has been ordered in a final court ruling to release the contracts related to a €1 billion Chinese loan agreement, it was announced by Democratic Coalition MP László Varju, who started the case.

The party initially requested access to the documents through a request for data of public interest, but the ÁKK refused to comply, prompting the party to file a lawsuit.

The loan in question, arranged in spring 2024, is a three-year, €1 billion facility sourced from the China Development Bank, the Export-Import Bank of China, and the Hungarian branch of the Bank of China.
 

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.

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

• Court Chinese Loan Contract

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

First Banknote Signed by New Governor of Hungary’s National Bank

• 13 Mar 2025 7:11 AM

Mihaly Varga, the new governor of the National Bank of Hungary (NBH), put his signature on a banknote issued by the central bank for the first time.



Watchdogs Bite: MBH Bank Group Fined by National Bank of Hungary

• 8 Jan 2025 11:49 AM

The National Bank of Hungary (NBH) has fined MBH Bank and its unit MBH Investment Bank HUF 27.5m for failing to complete remedial measures, the central bank and financial market watchdog said on Monday.



Updated: New Capital Programme Supporting SME's in Hungary to Launch with HUF 100 Billion in February

• 11 Dec 2024 6:11 AM

The Demjan Sandor Capital Programme, an element of the Demjan Sandor Programme for scaling up local SMEs, will launch with an allocation of HUF 100bn in February, the state secretary for SMEs announced.



U.S. - Hungary Tax Treaty Termination: What Will Happen to Expats?

• 20 Sep 2023 1:55 PM

The tax treaty between the U.S. and Hungary will expire in less than six months, with no new treaty on the horizon. Instead of looking for reasons and hoping for a future agreement, it is better to examine the reality we are facing from January 1, 2024.