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EIB Lends Hungary EUR 146 m for Health-Care Sector

MTI-Hungary Today 2021.07.09.

The European Investment Bank (EIB) has signed an agreement with Hungary on a 146 million euro loan to support the country’s procurement of protective equipment in preparation for a potential fourth wave of the coronavirus pandemic, the finance ministry said in a statement.

The ministry noted that the EIB had already approved a 162 million euro loan for Hungary last summer.

Govt Grants Support Health-Care Supply Production Capacity
Govt Grants Support Health-Care Supply Production Capacity

Three companies have completed a combined 2.5 billion forint (EUR 7m) worth of investments supported by government grant money earmarked for projects to boost Hungary’s self-sufficiency in the production of health-care supplies, the finance minister said on Wednesday. F-Team spent 825 million forints on an automated production line for disinfectant at its base in Jásztelek, […]Continue reading

Hungary is being given the loan on favourable terms, the ministry said, adding that it will save the budget a significant amount of funds while supporting the country’s pandemic defence efforts.

The government has so far spent up to 1,200 billion forints (EUR 3.37bn) on pandemic response measures and will continue to provide the funding necessary to defend against the virus, it added.

Featured photo illustration by Mohai Balázs/MTI