Banks, not state, guarantee city's �110 mln loan

Washio, Ako G.
October 2001
Budapest Business Journal;10/15/2001, Vol. 9 Issue 46, p3
Reports on the contract signing between Bayern LB and Intesica S.p.A. with CIB Bank Rt in Budapest, Hungary regarding guarantees on a loan. Withdrawal of the central government from an agreement signed by the previous Socialist-led government; Views of Mayor Gabor Demszky on the contract signing; Purpose of the European Investment Bank loan.


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