Release date: 16 July 2003
Promoter – Financial Intermediary
Raiffeisen Bank Rt.
Akadémia u.6
H-1054 Budapest
Contact person:Mr. István VASS
Senior Manager
Tel. +36 1 484 4546
Location
Description
Financing of small- and medium-scale projects in the field of energy and energy savings, environmental protection, infrastructure (including municipal, health and education, urban renewal and social housing, if integrated in well-defined urban rehabilitation schemes), industry, services (including creative and cultural services) and tourism in Hungary.
Objectives
The global loan would contribute to the development of term finance in Hungary. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by small and medium sized enterprises (SMEs) or local municipalities/ authorities/ associations.
Comments
Financial.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
Minimum EUR 100 million
Environmental aspects
The financial intermediaries will be requested to ensure compliance of the sub-projects with EU Directives, as appropriate.
Procurement
The financial intermediaries will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.
Status
Signed - 30/04/2004