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Hungary may receive EUR 300-400 million in EBRD loans in 2010 to finance renewable energy projects and upgrading of district heating

HungaryPosted by Chambers of Commerce Sweden - Southeast Europe Sun, April 04, 2010 22:05:08
The European Bank for Reconstruction and Development (EBRD) may extend loans to Hungary which total EUR 300-400 million this year. The loans will be granted to finance renewable energy projects and the upgrading of district heating - Hungarian daily Napi Gazdasg wrote on Wednesday. According to the daily paper, the government hopes to be able to refinance the loans of M�V (the state-owned railway company) using the funds from the EBRD. Nevertheless, in exchange for the loans the EBRD could very well expect from the government that it reorganizes M�V

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