EIB grants Hungary flood recovery loan

EIB grants Hungary flood recovery loan


The European Investment Bank (EIB) has announced that it is lending some €63 million to finance emergency, reconstruction and preventive measures related to two major disasters that hit Hungary in 2010: river floods and the breaking of a dam holding contaminated water with aluminium production residues, Portfolio Hungary reported

"I very much welcome the fact that the EIB is financing measures that will not only restore the situation prior to the natural catastrophes that Hungar...


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