HKDF announces the start of accepting applications for funding

Applications started on May 12, 2022

The Fund was established to promote economic cooperation between the Kyrgyz Republic and Hungary, modernize and develop the economy of the Kyrgyz Republic, and effectively use the opportunities provided by the intergovernmental Agreement between the two countries.

The Fund will finance self-sustaining projects in priority sectors of the economy of the Kyrgyz Republic by providing loans and borrowings, participation in capital and using other financial instruments in relations with business entities registered and operating in the territory of the Kyrgyz Republic.

The opening of a new joint development fund for Hungary and the Kyrgyz Republic is another step in strengthening bilateral cooperation between our countries. It is planned that the Fund will become an effective platform for attracting investments and implementing investment projects, and its creation will contribute to attracting new technologies, forms of management and experience gained by Hungarian companies.

Financing conditions:

• One of the most important conditions for obtaining funding from the HKDF is that at least 30% of the content in upcoming projects must be of the Hungarian component.
• Own contribution of at least 15% in monetary terms.
• Interest rates on loans from 1.5% to 7.25% per annum, depending on the importance of the project for the economy of the Kyrgyz Republic, the degree of Hungarian content, the duration of the project and collateral.
• The maximum amount of funding for one project is 5 million US dollars.

Today, these are the best financing conditions in the Kyrgyz market