Hungary provides 500 million euro loan to North Macedonia

DailyEconomic – The North Macedonian government said Hungary has provided North Macedonia with a loan of 500 million euros at an interest rate of 3.25% for 15 years.

North Macedonian Prime Minister Mickoski said the loan is part of a future “special economic cooperation” agreement between the two countries

The North Macedonian government said 50% of the funds will be on-lent to North Macedonian companies, and the rest will be used for government capital projects.

In 2021, Hungary expressed support for North Macedonia to join the European Union.