The project is a US$ 28 million (ECU 24.9 million) senior debt finance facility in support of the establishment and the operation of TV2, a Hungarian national commercial private television channel.
The objectives of the project are to: (i) promote the reform, privatisation and commercialisation of the Hungarian electronic media; and (ii) strengthen the financial position of one of the first two independent national terrestrial TV companies by ensuring tailor-made long-term financing.
Hungary is in the process of liberalising and privatising its electronic media market. The successful operation of a private enterprise financed from commercial funds is expected to contribute to freeing the media and to have a significant demonstration impact. Television is today the most influential advertising medium. The Bank's promotion of the advertising business in Hungary will have a major positive impact on consumer awareness and sophistication, in general.
MTM-SBS Televízió Rt., a Hungarian company which has secured a licence to operate a private commercial TV station in Hungary under the trade name of TV2.
US$ 14 million (ECU 12.5 million).
US$ 40 million (ECU 35.6 million).
The project was screened B/0 by the Environmental Appraisal Unit (EAU), requiring an environmental analysis of the proposed project. The analysis was performed by an engineer and it examined the environmental issues associated with TV2's assets and operations and the use and disposal of hazardous materials and obsolete equipment following an environmental questionnaire provided by the EBRD. TV2 has confirmed that the operation of the studios and the transmission station, including the disposal of potentially hazardous materials, and occupational health and safety comply with the relevant EU, national and local requirements. Noise and exhaust emissions from emergency power generators will meet international standards. No chemicals, gases, or other hazardous substances will be utilised. All electrical components meet EU legal requirements. The company is committed to complying with the requirements for the permitting procedure for all developments that will need to be submitted for approval.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.