Karman said that even at this first meeting, they had identified development areas where Hungary plans to attract funding in the coming period, and where the EIB can provide favourable resources. He added that discussions would continue to refine details and involve other ministries.

The minister noted that while the EIB has supported various projects in Hungary with low-cost loans, its activity had been scaled back in recent years alongside the decline in EU funding.

Following the change of government, both sides have now reaffirmed their commitment to increasing the EIB's activity in Hungary and supporting many more projects, he said.

Karman highlighted several priority areas already identified, all of which, he said, the Tisza government considered critical for development. These include renewable energy, social housing, health-care projects and railway development, he said.

He pointed out that the EIB is already highly active in these fields, adding that Hungary and the bank would seek specific opportunities for cooperation where development can be supported with preferential loans.

Photo: European Investment Bank

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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