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EIB to fund key infrastructure investments in Cyprus.

Posted on: 11/4/2015 6:23:31 AM under General News

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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