The Budapest assembly on Wednesday approved an agreement between Budapest public transport company BKK and K and H Bank, of a 24 billion forint (EUR 63.9m) loan, as part of the municipality’s “survival programme”. The proposal, submitted by Deputy Mayor Ambruss Kiss, was carried with 17 votes in favour, 2 against and 9 abstentions. The loan will ensure BKK’s operation between June and September, and will have to be paid back by September 18, the proposal said.
The contents of this website are no longer being updated. You can access all the latest Hungarian news in English formerly featured on the Hungary Matters website and daily newsletters at our refurbished mti.hu portal.
The must-have newsletter about Hungary