BUCHAREST, Romania (AP) -- A bank in Hungary will lend 370 million euros ($403 million) to Hungarian and Romanian companies to develop business ties between the two countries.
Hungarian Foreign Minister Peter Szijjarto said Friday that Eximbank would lend the money while the Hungarian government would open six offices in Transylvania in northwestern Romania to promote business.
Some 1.4 million Hungarians live in Romania, and many have both Romanian and Hungarian citizenship. They mainly live in the Transylvania region, part of the Austro-Hungarian Empire until about a century ago.
He said that by 2019, gas pipes would link Romania and Hungary and added the EU was offering "significant financial" aid "to interconnect gas systems" in Hungary, Austria, Romania and Bulgaria.
Szijjarto spoke in Bucharest Friday during a meeting with his Romanian counterpart, Lazar Comanescu.