Hungary

The European Investment Bank (EIB) Group’s financing in Hungary last year reached €759 million, boosting education and urban infrastructure, sustainable energy and railways that are also key to Europe’s interconnectivity and defence. EIB Group funding supported projects vital to the long-term resilience, energy independence and competitiveness of Hungarian citizens and their economy.

Hungarian companies have become more optimistic about the business environment after their concerns eased over growth obstacles including energy costs, according to a European Investment Bank (EIB) Group survey.  Firms in Hungary see fewer barriers to investments than the European Union  average even as it’s too soon to predict an overall domestic rebound, new country results from the EIB Group Investment Survey (EIBIS) show.

The European Investment Bank (EIB) Group’s new financing in Hungary last year amounted to €314 million, supporting projects to improve rail services, meet electricity demands from major local manufacturers and support small and medium enterprises (SME).  This includes financing from both members of the EIB Group – the EIB and the European Investment Fund (EIF).