EIB finances Polish Academy of Sciences’ with €130 million

European Investment Bank (EIB) Vice-President László Baranyay and Polish Minister of Finance Paweł Szałamacha today signed a loan agreement providing the Polish Academy of Sciences (PAN) with €130 million for the scientific and academic research of the Academy and its specialised research institutes. “The EIB’s involvement in Poland amounts to over €5 billion a year,” said Finance Minister Paweł Szałamacha. “By signing this agreement today, the EIB once again supports the implementation of investment in science, research and development in Poland. Investment in research and development is one of the priorities of Prime Minister Beata Szydło’s Government. Thanks to the EIB resources, the investment projects carried out by scientific institutes and research centres that are members of the Polish Academy of Sciences will be financed in 2016 and 2017. This new agreement is a continuation of a PLN 600 million loan contract signed in 2013,” he added. László Baranyay, EIB Vice-President responsible for lending in Poland, said: “Backing investments that are geared towards innovation, skills and greater competitiveness is part of the EIB’s mission to support growth and jobs in Poland and Europe as a whole."