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Investment Plan: deals worth EUR 747 million signed in Spain, Czech Republic, Greece and Romania

The Port of Barcelona is receiving a EUR 75 million loan from the European Investment Bank (EIB) to finance the construction of new logistics and warehousing facilities.

date:  11/05/2017

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The Port of Barcelona is receiving a EUR 75 million loan from the European Investment Bank (EIB) to finance the construction of new logistics and warehousing facilities. The facilities will enable it to both increase its capacity and improve its efficiency and sustainability. The agreement announced on 4 May was made possible by the support of the European Fund for Strategic Investments (EFSI). The EFSI is the central pillar of the European Commission's Investment Plan for Europe, also known as the “Juncker Plan”. On 8 May, the EIB announced a EUR 25 million deal to fund MariaDB, the company behind the fastest growing Open Source database. The funding will support the company’s next stage of growth and database innovation. Meanwhile, on 10 May the European Investment Fund (EIF) and Československá obchodní banka (CSOB), signed a guarantee agreement  that will allow CSOB to provide EUR 50 million of loans to innovative companies in the Czech Republic. In Greece, the EIF signed four agreements on 27 April with Alpha Bank and Piraeus Bank that will provide EUR 420 million to over 2,000 SMEs across the country. The agreements will allow both banks to provide loans with substantially reduced collateral requirements under the EU’s COSME programme. Finally, on 11 May EIF and Raiffeisen Bank signed a COSME agreement that will allow the Bank to provide RON 800,000,000 (ca. EUR 177 million) in loans to SMEs in Romania.