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Tunisia: Hungary to provide credit line to boost development

“Hungary will grant Tunisia a credit line of tens of million Euros to strengthen the economy and boost the investment of Hungarian companies in Tunisia,” said Minister of Secretary of State for Economic Diplomacy in Hungary Levente Magyar.

Speaking at a Tunisian-Hungarian business forum held on Thursday on the sidelines of the 3rd session of the Tunisian-Hungarian joint economic commission (March 10 and 11, 2016),

the minister said these funds, which ceiling has not yet been fixed, will be granted at an interest rate no exceeding 2%.

The official also placed emphasis on the need to establish a direct flight between Tunisia and Hungary as soon as possible to facilitate travel between the two countries.

He also recalled that a significant number of Hungarian tourists visit Tunisia, expressing the willingness of Hungarian companies to invest in Tunisia.

Magyar said his government seeks to bolster co-operation with Tunisia which is a strategic partner to Hungary. “Tunisia is also a prime target in terms of economic co-operation,” he further said.

He recalled that the Hungarian government had decided four years ago to open to southern Mediterranean countries, including Tunisia.

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