EIB Group invested €314 million in Hungary last year
Hungary, Jan. 30 -- The European Investment Bank (EIB) Group's new financing in Hungary last year amounted to €314 million, supporting projects to improve rail services, meet electricity demands from major local manufacturers and support small and medium enterprises (SME). This includes financing from both members of the EIB Group - the EIB and the European Investment Fund (EIF). Modern rail and power networksThe biggest operation in Hungary to receive EIB Group funding last year was a €160 million EIB loan to regional railway operator GYSEV to improve network infrastructure and replace old diesel-powered trains with new electric ones. The loan will significantly improve the reliability of train connections between Hungary and A...
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