EIB with €4.4 bln loans to Poland in 2016

The European Investment Bank has loaned €4.4 billion last year to Poland, including €603 million for the investments covered by the “Juncker Plan,” the EIB said at the press conference. According to EIB’s deputy president Vazil Hudak, Poland is the biggest beneficiary of the bank among all the member states that joined the bloc in 2004 and sixth overall. EIB supported mostly infrastructure project with €780 million earmarked for rail and road infrastructure, while €1 billion was loaned to SMEs. In 2017, the bank wants to focus on modernizing Polish cities, R&D and renewables, Hudak explained.