19:58 26 March 2020
EIB Group activity paves way for continued support this year
The European Investment Bank (EIB) Group’s financing amounted to €5.4 billion last year, driven by investments in infrastructure and environment and showing increasing support for small and medium-sized businesses in Poland.
In the first months of 2020, the EIB has signed new loans for renewable energy and sustainable transport projects, supporting Poland in its climate transition. In light of the COVID-19 emergency, the EIB Group is ready to intensify its support for the Polish and European economy.
Poland was the fifth-biggest recipient of EIB Group financing among EU countries, after Italy, Spain, France and Germany. This financing represents more than 1 percent of Poland’s GDP, making the country the second-largest beneficiary among countries with a population above 10 million after Greece.
“Last year, the level of activity of the EIB Group in Poland was once again significant. The EU bank has financed important projects in all sectors of the economy, with a particular focus on infrastructure and environment, and with record volumes of loans and guarantees to small and medium-sized businesses. We take these positive results as a motivation to continue to support the Polish economy as it faces the daunting task of fighting the coronavirus crisis,” Teresa Czerwińska, EIB Vice-President, said.
(WBJ)
