Harte Arbeit zahlt sich aus: So trotzt Ungarns Wirtschaft der globalen Konjunkturverlangsamung
Trotz der Befürchtungen einer bevorstehenden globalen Verlangsamung macht die ungarische Wirtschaft stark weiter.Read more
Mihály Varga, Minister of Finance, said in a statement on Thursday that the Hungarian state is financing 85 percent of the investment using a Chinese loan while the remaining 15 percent will come from its own resources.
The projected cost of upgrading the 152-km section between Budapest and Kelebia, on the border with Serbia, was 578 billion HUF (1.79bn EUR) in May 2018, but the best offer made since then has been 693 billion HUF
Péter Szijjártó, minister of Foreign Affairs and Trade, said there was no competitive financing alternative available in Europe for infrastructural investment - the 18-year US dollar loan from China with annual interest rate of 2.5 percent was the best option