Hungary Investigates Controversial Eximbank Loan to North Macedonia

Hungary's government is scrutinizing a €1 billion loan issued by state-owned Eximbank to North Macedonia under favorable terms set by a previous nationalist leadership. Prime Minister Peter Magyar confirmed multiple similar deals by Eximbank are being examined, signaling a broad inquiry into past financial practices.

Hungary's government has launched an investigation into a €1 billion loan provided by the state-owned Eximbank to North Macedonia. This loan was issued under particularly favorable terms set by the former nationalist government, according to Prime Minister Peter Magyar.

Magyar disclosed this information during a briefing on Thursday, highlighting that this specific loan is one of several Eximbank-issued deals now under government scrutiny.

This examination marks a significant review of past financial practices, as multiple similar deals brokered during the former administration come under question.