Release date: 6 November 2007
Promoter – Financial Intermediary
Republic of Hungary – Ministry of FinanceLocation
Description
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).
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 275 million.
Total cost (Approximate amount)
EUR 631 million.
Environmental aspects
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.
Procurement
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.
Status
Signed - 3/06/2008
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).