The European Investment Bank (EIB) launched a new €100mn loan to the Polish company Pekao Leasing for the financing of small and medium-sized enterprises, the EIB said on January 19.
In particular, the financing will support SMEs’ efforts to boost energy efficiency, investment in sustainable energy, as well as “preparing a competitive leasing offer for enterprises owned or managed by women”.
The beneficiaries can use the loan to finance durable asset investments and tangible assets, for instance, R&D expenses. The overall investment cost should not exceed €25mn and EIB support can extend to €12.5mn, the EU’s development bank said.
The loan is to Pekao Leasing, the leasing arm of Bank Pekao Group, Poland’s second-largest lender, which is controlled by the state-run insurance giant, PZU. The loan is secured by a bank guarantee from Bank Pekao.
Russia in February for the first time overtook Turkmenistan on a monthly basis to become the largest pipeline supplier of natural gas to China, according to General Administration of Customs of China ... more
Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more
France's spending on Russian liquefied natural gas (LNG) surged to over €600mn this year, EU data reveals, Politico reports. The increase comes as French President Emmanuel Macron becomes ... more