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Jan 04, 2018

Hungary and Poland propose V4 development bank

Hungary and Poland are hashing out plans to establish a regional V4 development bank with the involvement of the Czech Republic and Slovakia

Hungary and Poland are thrashing out plans to establish a regional V4 development bank with the involvement of the Czech Republic and Slovakia.

Polish Prime Minister Mateusz Morawiewcki said the bank would finance infrastructure projects in central Europe.

He made the announcement following talks on economic and political cooperation between Poland and Hungary with Prime Minister Viktor Orbán in Budapest.

Morawiecki said that the four Visegrád countries are important constituents of the European Union, contributing to its economic growth and stability.

“We strongly confirmed [with Prime Minister Orbán] that we’re interested. If Czechs and Slovaks respond positively we could quickly set up this bank,” Morawiecki said without revealing more detail.