Hungary Blocked Budapest Airport From Emergency Covid-19 Funds
- The airport was looking to get short-term loan from the EBRD
- Allies of Viktor Orban have been trying to buy the airport
The departures terminal at Budapest Airport in May. Air traffic collapsed by more than 99% this spring.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
The Hungarian government blocked Budapest Airport from accessing emergency Covid-19 funding, according to two people familiar with the matter.
Due to a dramatic drop in air traffic related to the coronavirus pandemic, the airport had applied for a 50 million-euro ($58 million) short-term loan from the European Bank for Reconstruction and Development through its “Solidarity Package” program.