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Hungary , Wednesday 14 October 2026

Hungary quietly takes record $1 billion loan from Chinese banks

Published on: Thursday 25 July 2024

Hungary quietly takes record $1 billion loan from Chinese banks Hungary's record loan came amid a record increase in its public debt to 140 billion euros ($152 billion), 73.5% of GDP, and a budget deficit of 6.7% of GDP, while the country has no access to European Union funds due to the conflict with Brussels.


News source: https://finance.yahoo.com/news/hungary-quietly-takes-record-1-064447433.html

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