Local
articles | 29 October 2015

EIB to finance EU projects worth €100m and €15m in Hellenic Bank SMEs loans

Cyprus and the European Investment Bank will sign a €100m loan agreement which will help finance projects co-financed by the European Union’s cohesion funds in 2014 to 2020, the Finance Ministry said.

In addition, the two parties will sign an agreement guaranteeing a total of €15 million in loans to be funnelled by Hellenic Bank to small and medium size enterprises in Cyprus, the finance ministry said in an emailed statement on Thursday.

The chairman of the EIB Werner Hoyer and Finance Minister Harris Georgiades will sign the two agreements. Johathan Taylor, vice chairman of the EIB, who is in charge of finance projects in Cyprus, will accompany Hoyer on his trip to Cyprus.

Source: Cyprus Mail

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