Financing provided by the European Investment Bank in Poland

European Investment Bank

Description

After more than a decade of activity in Poland, the EuropeanInvestment Bank’s operations now cover a wide range ofeconomic sectors ranging from basic infrastructure, manufac-turing and services, including support for small and medium-sized companies through local financial institutions, to educationand promotion of a knowledge-based economy. Overall, theseoperations have grown from small beginnings to an expectedtotal of nearly EUR 9 bn by the end of 2004. Financing provided by the EuropeanInvestment Bank inPoland• Extension of trans-European transport, energy andtelecomsnetworks• Environmental protection and improvement• Improvement of infrastructure in the education andhealth sectors• Support for EU development and cooperation policieswith Partner Countries • Regional developmentFinancing project s cont ribut ing t o economic progress in EUassist ed areas remains t he key act ivit y of t he EIB. The Bankaims t o ensure t hat at least t w o-t hirds of it s f inancing goesto projects in the assisted regional development areas.Tasks and priorities of the EIBThe w hole t errit ory of Poland consist s of Object ive 1 regionsdesignated as areas qualifying for allocations from theThe EIB is the European Union’s financing institution, set European Union’s Structural and Cohesion Funds. up in 1958 under the Treaty of Rome.

Informations

• Publié par: EUROPEAN-INVESTMENT-BANK
• Nombre de lectures: 19
• Langue: English

Extrait

After more than a decade of activity in Poland, the European

Invest ment Bank’s operat ions now cover a w ide range of

economic sectors ranging from basic infrastructure, manufac-

turing and services, including support for small and medium-

sized companies through local financial institutions, to education

and promotion of a knowledge-based economy. Overall, these

operations have grown from small beginnings to an expected

total of nearly EUR 9 bn by the end of 2004.

Financing

provided by the European

Investment Bank

in Poland

The EIB’s

Financing in Poland

Tasks and priorities of the EIB

The EIB is the European Union’s financing institution, set

up in 1958 under the Treaty of Rome. Its mission is to con-

tribute to the policy objectives of the European Union by

providing long-term finance for sound investment projects.

The 25 EU Member States jointly own the EIB.

The EU’s policy objectives and the Bank’s lending priorities

include:

• Regionally balanced economic development and social

cohesion in the Union through support for the economi-

cally weaker regions

• Strengthening Europe’s competitiveness by supporting

research, development and innovation

• Extension of trans-European transport, energy and

telecoms networks

• Environmental protection and improvement

• Improvement of infrastructure in the education and

health sectors

• Support for EU development and cooperation policies

with Partner Countries

• Regional development

Financing projects contributing to economic progress in EU

assisted areas remains the key activity of the EIB. The Bank

aims to ensure that at least two-thirds of its financing goes

to projects in the assisted regional development areas.

The whole territory of Poland consists of Objective 1 regions

designated as areas qualifying for allocations from the

European Union’s Structural and Cohesion Funds.

The EIB also encourages and assists foreign direct invest-

ment (FDI) as it is particularly important for the transfer

of modern technologies and management know-how.

• R&D and innovation

EIB lending helps to implement Poland’s medium-term

Research and Innovation Investment Programmes. EIB

loans support the implementation of science and innova-

tion investments in line with the EU’s Lisbon strategy of

making Europe the world’s most innovative and com-

petitive region.