The government commissioned the Hungarian Development Bank (MFB) and the Minister of National Development and Economy to draft a rescue package for troubled steel maker Dunaferr.
The package comes after a series of negotiations, initiated by Dunaferr, which was hit by the steel market crisis.The first phase of the three-part rescue plan is expected to comprise a HUF 9–10 billion worth of loans and preferential guarantees: The bailout is expected to give priority to paying off liabilities to suppliers.
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