European Commission approves €2 billion injection for Hungarian development bank
The European Commission has sanctioned a €2 billion capital injection into Hungary's state-owned development bank, MFB, citing compliance with EU State aid regulations.
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According to the European Commission, the €2 billion capital injection—equivalent to HUF 760 billion—is intended for the Magyar Fejlesztési Bank. The Commission confirmed that the measure aligns with EU State aid rules following an assessment of the funding structure.
The capital infusion will be financed through the Recovery and Resilience Facility. The decision, announced by the European Commission, marks a significant investment into the Hungarian development bank's operational capacity.
Source: European Commission. Read the original report ↗
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This brief is based on reporting by European Commission.supports: European Commission