Eastern Europe Gets More EU Aid

    The European Union will double its credit line for 11 member nations in the non-euro zone, of which eight are located in Eastern Europe, Bloomberg reported. The bloc will scale up its emergency lending to EUR50 billion (USD68 billion) for these nations. Hungary already secured EUR6.5 billion while Latvia received EUR3.1 billion of the funding.

    About the author

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      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.