Cash-strapped Hungary borrows 1 bn euros from China
Budapest (AFP) July 25, 2024
Hungary borrowed one billion euros ($1.1 billion) from Chinese banks earlier this year, its debt management agency said on Thursday, as the EU member state faces a difficult financial situation.
The Hungarian government did not announce the deal, which was first reported by the local financial news site Portfolio based on publicly available data.
Budapest took out a three-year, floating-
Hungary borrowed one billion euros ($1.1 billion) from Chinese banks earlier this year, its debt management agency said on Thursday, as the EU member state faces a difficult financial situation.
The Hungarian government did not announce the deal, which was first reported by the local financial news site Portfolio based on publicly available data.
Budapest took out a three-year, floating-