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Investment Plan: EUR 45.7 million deal signed to support Croatian SMEs; EUR 94 million to support Nordic infrastructure

The European Investment Fund (EIF) and Privredna banka Zagreb (PBZ) signed a COSME agreement on 21 February that will allow PBZ to provide HRK 350 million (EUR 45.7 million) in loans to small and medium-sized Croatian businesses.

date:  02/03/2017

See alsoInvestment Plan

The European Investment Fund (EIF) and Privredna banka Zagreb (PBZ) signed a COSME agreement on 21 February that will allow PBZ to provide HRK 350 million (EUR 45.7 million) in loans to small and medium-sized Croatian businesses. This agreement was made possible with the support of the European Fund for Strategic Investments (EFSI), the central pillar of the European Commission's Investment Plan for Europe. Meanwhile, the European Investment Bank (EIB) signed a SEK 900 million (EUR 94 million) agreement on 16 February to support investment in local infrastructure in the Nordic countries through the “Infranode I” investment platform. This agreement was made possible by the support of the Juncker Fund, the central pillar of the European Commission's Juncker Plan to extend the EFSI by increasing its firepower and duration as well as reinforcing its strengths. The “Infranode I” investment platform has now raised a total of SEK 3.35 billion (EUR 350 million) for essential infrastructure investments in the Nordic countries. Other institutions that invested alongside the EIB include Folksam, KPA Pension and the IMAS Foundation.