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Hungarian gov't to offer Albanian companies fund

Xinhua, September 19, 2016 Adjust font size:

The Hungarian government will provide a fund worth 184.6 million euros (207.2 million U.S. dollars) in loans that will be distributed to Albanian companies, public institutions and SMEs or Hungarian entities operating in Albania, Albanian Investments Development Agency (AIDA) said on Sunday.

According to this agency, this fund will be given in the framework of an initiative that the Hungarian government has launched with the aim of enhancing the economic cooperation and trade relations with Albania.

Official sources from the agency also said that EXIM Bank will provide loans and finance up to 85 percent of the amount.

Loans may be short-term (30 days to two years) or long term (two to 10 years), the sources said. Endit