EIB to maintain €5.5 billion lending for Poland

The European Investment Bank (EIB) plans to maintain its 2016 lending for Poland at last year's level of €5.5 billion, despite Moody's decision to cut its rating outlook last Friday, Reuters quoted the EIB's Polish representative. "We're observing the situation, but for now it does not worsen the perception of project risk which we analyse in Poland," EIB director in Poland, Piotr Michałowski told Reuters. "We hope that this year we will be able to maintain our lending in Poland at a level similar to in 2015, when it amounted to €5.5 billion," he added. EIB in Poland is mainly co-financing infrastructure projects in transport and telecommunications, as well as investments carried out by energy and chemical firms, such as PGE or Grupa Azoty.