EIB lends EUR 2bn for co-financing projects with EU Funds in Poland.

By bne IntelliNews October 15, 2010
The European Investment Bank (EIB) is lending EUR 2bn to the Polish government to help meet the objectives of the Polish National Strategic Reference Framework during the period 2007-2013, the EIB has announced. This is the biggest loan the EIB has granted to a Member State that joined the EU after 2004, it stressed. Finance minister Jacek Rostowski pointed to the beneficial costs of this 15-year loan. Poland's 10-year eurobonds coupon if around 3.8% and this loan is around 1pp cheaper, the minister said. The EIB funds will co-finance projects in the areas of innovative economy, human capital, infrastructure and development as well as in the development of eastern parts of Poland. This loan is part of the growing EIB lending activity in Poland, which in 2010 is expected to reach some EUR 5.3bnbillion of new loans signed with numerous partners in the public and private sectors, the EIB also said. ISB, tom

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335