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    Home > Chemicals Industry > International Chemical > Hungary is exploring the feasibility of building a smart city

    Hungary is exploring the feasibility of building a smart city

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Recently, the European Investment Bank has signed an agreement with a Hungarian bank and an investment center to explore the feasibility of
    building a smart city and transport investment center in Hungary.

    Hungary is exploring the feasibility of building a smart city

    The EIB will work with the European Investment Advisory Centre and the Hungarian Development Bank to determine how to harness the untapped potential
    of urban growth and development.

    In many parts of Hungary, urban productivity is below the EU28 average, while smaller cities lag behind
    in terms of economic growth, the EIB said.

    Vazil Hudák, Vice President of the EIB, said: "Investment platforms can play an important role in obtaining better access to financing by merging projects that are too small or too risky to obtain the financing they need
    .

    Recently, the European Investment Bank has signed an agreement with a Hungarian bank and an investment center to explore the feasibility of
    building a smart city and transport investment center in Hungary.

    Smart cities

    Hungary is exploring the feasibility of building a smart city

    Hungary is exploring the feasibility of building a smart city

    The EIB will work with the European Investment Advisory Centre and the Hungarian Development Bank to determine how to harness the untapped potential
    of urban growth and development.

    In many parts of Hungary, urban productivity is below the EU28 average, while smaller cities lag behind
    in terms of economic growth, the EIB said.

    Vazil Hudák, Vice President of the EIB, said: "Investment platforms can play an important role in obtaining better access to financing by merging projects that are too small or too risky to obtain the financing they need
    .

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