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Hungarian army

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Norwegian Loan to Modernize the Hungarian Army

Mar 17, 2021

Hungary has concluded an agreement on favorable financing terms for the development of its military: EUR 348.5 million, i.e. about HUF 130 billion, will be provided by Export Credit Norway (ECN) and the Norwegian Export Credit Guarantee Agency (GIEK) to increase the country's combat defense capabilities. According to an announcement on Wednesday, the Ministry of […]

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