Banks, EU – Baltic States, Financial Services, Investments, Lithuania, Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 19.03.2024, 05:04

Lithuania receives first part of EIB loan

BC, Vilnius, 08.10.2015.Print version
On Thursday, 8 October, Lithuania received the first part of loan from the European Investment Bank (EIB) – EUR 300 million. Lithuania will pay 1.51% annual interest, which has been fixed for the duration of the loan, i.e. for25 years, reports LETA/ELTA.

In May, Lithuania and the EIB signed an agreement over EUR 1.3 billion loan in order to secure co-financing for the 2014-2020 European Union (EU) fund investment programmes and 2014-2020 Rural Development programme.

 

Lithuania will use the funds to co-finance 2014-2020 EU projects in the areas of small and medium-sized enterprises, energy, environmental protection, climate change, transport and networks infrastructure, employment, social security, education, public administration, technical assistance and rural development.

 

Furthermore, a part of the EIB loan will be on-lent to municipalities, state and municipal companies, limited and limited liability companies that are fully or partially owned by the state or a municipality and are implementing EU projects. The aforementioned companies will be able to use the funds to co-finance EU projects.






Search site