The Hungarian government secured the loan from the China Development Bank, the Export-Import Bank of China (Eximbank of China), and the Hungarian branch of the Bank of China.
The loan is set for a three-year term and must be repaid by April 19, 2027. While the interest rate and other terms of the loan have not been disclosed, the funds are earmarked for advancing Hungary’s high-tech sector and developing transport and energy infrastructure.
This recent borrowing surpasses Hungary’s previous major Chinese loan in 2020, which involved more than €845 million from China’s Eximbank for the construction of the Budapest-Belgrade high-speed railway.
