The FINANCIAL -- The European Investment Bank is providing a loan of EUR 150 million to the Croatian Bank for Reconstruction and Development to finance projects of small and medium-sized companies, mid-cap companies and municipalities in Croatia, according to The European Investment Bank.

With this project, EIB loan will co-finance projects implemented by SMEs and medium-sized companies in the areas of industry and services, including tourism, and also support small and medium-scale infrastructure schemes promoted by local authorities, projects in knowledge- and technology-intensive sectors as well as additional priorities such as energy, environmental protection, health and education. A minimum of 70% of the loan amount will be allocated to SME and mid-cap projects.

This loan represents a continuation of the very successful cooperation between EIB and HBOR. EIB has previously provided six credit lines to HBOR totalling EUR 644 million. The previous loan for SMEs and mid-caps of April 2010 for an amount of EUR 250 million is being implemented successfully.

Related Stories

• Kazakh city of Aktau to modernise heating
• Western Union Highlights Strategic Initiatives at 2012 Annual Stockholders' Meeting
• Growth in Developing East Asia and Pacific Is Strong But Slowing