The European Investment Bank (EIB) has agreed to extend a EUR 50mn loan to finance a project for e-government services and increase use of ICT services of Hungarian state administration, the bank said in a statement. The project is expected to contribute for more efficient and higher quality public administration through the modernisation of the operation, procedures and processes of e-public services. It is also expected to have positive implications also for the labour market in Hungary . The EIB loan will be combined with grants provided by the European Social Fund and European Regional Development Fund and national resources. At the same time, EIB agreed also to provide a EUR 100mn loan to Hungary's state-owned Export Import Bank Eximbank with the purpose to support the exports of domestic SME and Mid-Cap sector.
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