EIB to invest €4.5 bln in Poland this year

The European Investment Bank plans to invest at least €4.5 billion in Poland this year, deputy director Vazil Hudak told the Polish Press Agency. One of the bigger projects could include the second line of the Warsaw subway system. In 2016, the bank loaned €4.4 billion to Polish projects, and for this year Hudak anticipates similar figure, although the value of loans could reach even up to €5 billion. In 2017, the bank wants to focus on modernizing Polish cities, R&D and renewables, Hudak explained. The European Investment Bank (EIB) is the European Union's nonprofit long-term lending institution owned by member states who set the bank's broad policy goals and oversee the two independent decision-making bodies. The EIB uses its financing operations to bring about European integration and social cohesion.