The European Investment Bank (EIB) has signed an agreement with the state-owned Hungarian Development Bank (MFB) on a Ђ50 million credit line. The MFB will use the facility to finance education, infrastructure and environmental projects.
Small- and medium-sized enterprises (SMEs) using the facility will be granted a grace period of up to three years and loan maturity of up to 12 years, while for public projects the grace period will be no more than five years, with loans having a maturity of up to 15 years.
The minimum loan amount will be HUF10 million; the facility may be drawn down until 15 December 2004.
Source. Interfax
