The European Development Bank lends 8 European countries 902 million euros
The Development Bank of the Council of Europe approved 8 new loans with a total value of 902 million euros. The projects financed by these loans cover a wide range of sectors. These are health and social care, social and affordable housing, micro, small, and medium enterprise financing, urban, rural and regional development and environmental protection..
The bank approved a loan of 5 million euros to a company in Luxembourg, which aims to expand entrepreneurs’ access to affordable loans. The company will re-lend the money exclusively to partner microfinance institutions in Albania, Kosovo, the Republic of Moldova and Romania, which will finance operations that are expected to maintain or create an estimated 2,000 jobs. Local.
In Finland, a €150 million loan to a real estate company will support a hospital in the second phase of investments, to modernize and centralize psychological and physical care for approximately 1.7 million residents of the Helsinki metropolitan area.
In France, a 107 million euro loan to Métropole Europain de Lille will partly finance the modernization of the wastewater treatment plant in the Waterloos area, located northeast of the city..
The bank’s initial €100 million loan approved in 2020 provided housing units for 4,500 beneficiaries, 60% of whom – or about 2,700 people – belong to particularly vulnerable groups, including more than 350 refugees. The additional loan adds 12 new community-focused projects that will provide 304 new homes and 1,575 dwellings. Socially.
In Poland, a loan worth 250 million euros will support the New Investment and Business Growth Company, to create job opportunities through a Polish leasing company. It is expected that about 12,500 Polish micro, small and medium-sized companies will benefit from this loan. The loan depends on a long-term relationship with the borrower and its leasing company in Poland.
In Romania, a €40 million loan to the municipality of Baia Mare aims to improve living conditions as the city transitions from its mining and metalworking past to a more diversified economy based on manufacturing and services."right">
And in Serbia; A €200 million loan to Serbia will finance the renewal of local roads to improve connectivity and access to basic services, markets and urban centers for remote communities with severe infrastructure deficits and communication barriers..
In Turkey, an additional loan of 50 million euros will enable Turkey to complete the railway development of the Marmaray Train Project, a major urban mass transit infrastructure project linking the major Asian and European urban areas of Istanbul through a 76 km railway line, jointly financed by the Japan International Cooperation Agency (JICA), the European Investment Bank, and the Development Bank of the Council of Europe. It is a multilateral development bank, with exclusive social powers from member states. The 43.
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