Hungary Releases Terms of €1 Billion Orban-Era China Loan

Hungary has released previously undisclosed details of a €1 billion ($1.2 billion) loan that outgoing Prime Minister Viktor Orban’s government took from China in 2024, news website 444.hu reported Friday.

While authorities had revealed the amount and maturity in 2024 after several months of delay, key details remained unknown. Incoming premier Peter Magyar, who is due to take office on May 9, said after defeating Orban at last month’s election that he would examine costly international agreements struck during the outgoing premier’s 16-year rule.