The finance ministry has said in a statement that the European Investment Bank (EIB) has signed an agreement with Hungary on a 146 million euro loan to support the country’s procurement of protective equipment in preparation for a potential fourth wave of the coronavirus pandemic.
The ministry noted that the EIB had already approved a 162 million euro loan for Hungary last summer. Hungary is being given the new loan on favourable terms, the ministry said, adding that it will save the budget a significant amount of funds while supporting the country’s pandemic defence efforts.
The government has so far spent up to HUF 1,200 billion (EUR 3.37bn) on pandemic response measures and will continue to provide the funding necessary to defend against the virus.