The Ministry of Economy and Transport (GKM) and the state-owned Hungarian Development Bank (MFB) have launched the HUF 150 bn (US$ 662m) Europe Investment Loan Program, aimed at providing long-term loans to Hungarian businesses the MFB announced.
Within the programme, HUF 40 bn has been set aside exclusively for financing investments by micro-, small-, and medium-sized enterprises. The loans are repayable between 4 to15 years, with a grace period of maximum two years. Investments aimed at increasing competitiveness on the EU market will be supported through the loans, with firms manufacturing competitive, high-quality products with large added-value content enjoying preference.
