Recently in 2024, Hungary took a loan of 1 billion EUR from China.
88% confidence
EconomyHungary
Omissions
The loan was provided by Chinese state-owned banks rather than directly from the Chinese government or state budget
The specific lenders were the China Development Bank, Export-Import Bank of China, and Bank of China Hungary branch
The loan was taken on 19 April 2024 and disclosed by AKK in July 2024
The loan was a three-year floating-rate facility
Sources are secondary (journalistic) citing data from the Hungarian Government Debt Management Agency rather than primary official documentation
Sources
SecondaryEuractivBudapest took out a three-year, floating-rate loan from Chinese banks on 19 April, amounting to €1 billion
SecondaryPoliticoHungary borrowed €1 billion — the largest loan ever taken out by Budapest — from three Chinese banks (China Development Bank, Export-Import Bank of China, and Bank of China) in spring 2024