Project details

Overview

Project title

EXIMBANK HU COVID-19 RESPONSE FOR SMES & MIDCAPS

Early intelligence
30 Jun 2020

Published

30 June 2020

Budget

200 000 000 EUR


Procurement type

Services, Supplies, Works

Reference

EIBZ201016

Funding Agency

EIB - European Investment Bank


Countries

Hungary

EXIMBANK HU COVID-19 RESPONSE FOR SMES & MIDCAPS

Reference: 20200450


MAGYAR EXPORT-IMPORT BANK ZRT

Location
  • Hungary
Description

The project consists of a credit line to support SMEs and midcaps affected by the COVID-19 crisis in Hungary.

Objectives

The aim is to enhance access to short-term finance for the target beneficiaries to mitigate the negative economic impact of the COVID-19 crisis, as well as support eligible investments.

Sector(s)
  • Credit lines
Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.