Hungary’s development bank wins EU approval for €2bn capital injection
( July 13, 2026, 09:46 GMT | Official Statement) -- MLex Summary: Hungary’s development bank Magyar Fejlesztési Bank has secured EU approval for a 760 billion-forint (€2 billion) capital injection funded through the Recovery and Resilience Facility, the European Commission said on Monday. The aid will expand financing for sectors facing market failures — including infrastructure and agriculture — while Hungary has committed to safeguards that ensure Magyar Fejlesztési Bank does not undercut private financial institutions in the national market.The press release is attached....
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