EIB to fund key infrastructure investments in Cyprus.
The two finance agreements of €115 million were signed in Nicosia
in a public ceremony, in the presence of EIB President Werner Hoyer, by the
Cyprus Minister of Finance Harris Georgiades, EIB Vice President Jonathan
Taylor and Hellenic Bank Chairwoman Irena Georgiadou aiming to support key
infrastructure investments in Cyprus, SMEs, economic recovery and the creation
of new jobs.
The agreements are a €100 million Framework Loan supporting EU Co-Financing Funds for strategic infrastructure projects to be implemented during the 2014-2020 period and a second loan with Hellenic Bank for €15 million.
Source: Famagusta Gazette
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