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Financing provided by the European Investment Bank in Croatia

Source: www.eib.org
Topic: Bank Investment

Sort Desciption: The European Investment Bank’s lending operations in Croatia support projects that ... In addition, the Bank finances investments by small and medium-sized ...

Content Inside: Financing provided by the European Investment Bank in Croatia The European Investment Bank’s lending operations in Croatia support projects that help the country to meet EU accession criteria and to integrate rapidly into the Union. Since 2001, EIB lending in Croatia has exceeded EUR 900 million. At the beginning of the decade the EIB focused on the construction and rehabilitation of the country’s infrastructure, especially transport infrastructure, which has absorbed some 60 % of total EIB lending in Croatia. In addition, the Bank finances investments by small and medium-sized companies through local financial institutions, and lends support to projects in the areas of industry and services. In the near future the Bank envisages extending its operations to the environmental, health and education sectors. This implies a growing number of loans to the private sector and municipalities to support investment. Tasks and priorities of the EIB The EIB is the European Union’s financing institution, set up in 1958 under the Treaty of Rome. Its mission is to contribute to the realisation of the policy objectives of the European Union by providing long-term finance for sound investment projects. The 25 EU Member States are the joint owners of the EIB. After accession to the EU, Croatia will also become a shareholder of the EIB. The EU’s policy objectives and the Bank’s lending priorities include: • Regionally balanced economic development and social cohesion in the Union through support for the economically weaker regions • Strengthening Europe’s competitiveness by supporting research, development and innovation • Extension of trans-European transport, energy and telecoms networks • Environmental protection and improvement • Improvement of infrastructure in the education and health sectors • Support for small and medium-sized enterprises (SMEs) • Support for EU development and cooperation policies with Partner Countries Regional developme ...

croatian bank investments

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