We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » October 29, 2010
Business & Economy
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
EIB Lends Poland 100 Million Euros
October 29, 2010   
Article's tools:

The European Investment Bank (EIB) has granted two loans to Bank Pekao SA totaling 100 million euros to finance small projects carried out in Poland. Half the money has been set aside for projects initiated by local and regional authorities and public and private municipal companies in areas such as infrastructure, urban development, environmental protection, healthcare, education and energy efficiency, and for housing associations that want to insulate residential buildings.

The other 50 million euros from the EIB is to be spent on projects carried out by small and medium-sized businesses in areas such as manufacturing, services, tourism, farming, healthcare, environmental protection, energy and the knowledge-based economy.

The EIB, the EU’s financial institution, aims to support integration, sustainable development, and economic and social cohesion in EU member states by providing funding for well-prepared projects. Since 1990 the EIB has granted 3.7 billion euros in loans to banks in Poland. The money was spent on projects initiated by small and medium-sized businesses. The EIB usually finances projects carried out by small and medium-sized companies employing less than 250 people.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE