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    Signature(s)

    Amount
    € 275,000,000
    Countries
    Sector(s)
    Hungary : € 275,000,000
    Services : € 275,000,000
    Signature date(s)
    3/06/2008 : € 275,000,000
    Link to source

    Summary sheet

    Release date
    6 November 2007
    Status
    Reference
    Signed | 03/06/2008
    20070388
    Project name
    Promoter - financial intermediary
    Hungary Innovation Support
    Republic of Hungary – Ministry of Finance
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 275 million.
    EUR 631 million.
    Location
    Sector(s)
    Description
    Objectives

    Within the scope of the Innovation 2010 Initiative, the loan will support the activities and the pluriannual 2008-2010 investment programme of the Hungarian Research and Technology Innovation Fund managed by the National Research and Technology Office (NKTH).

    To support the Hungarian Government’s commitment to the development and operation of a new, efficient innovation system in order to speed up economic growth in Hungary.

    Environmental aspects
    Procurement

    Hungary is subject to applicable EU Law and has adopted environmental legislation in line with standards mandated by relevant EU Directives. The R&D activities concerned will not materially change current Hungarian R&D practice, and will be carried out within existing research facilities.

    Hungarian public procurement law fully complies with relevant EU Directives The Promoter will ensure that the investments to be financed by this operation will comply with EU directives.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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