The European Investment Bank (EIB) and the Macedonian Bank for Development Promotion (MBDP) signed in Skopje a EUR 100m loan aimed at financing projects in the Former Yugoslav Republic of Macedonia (FYROM). The operation is intended to support small and medium-sized enterprises (SMEs) and industrial investment of any size in the fields of the knowledge economy, energy, environmental protection... maturities. The EIB has been active in FYROM since 2001. Over the past eleven years, four global loans have been signed in the country for a total amount of EUR 190m and have been fully disbursed
support for FYROM and is fully in line with the EIB's lending priorities. Over the coming years, the EIB expects to continue its financing of projects in FYROM, with the aim to support the country
THE EUROPEAN FUND FOR SOUTHEAST EUROPE SA SICAV-SIF
Investment in senior A tranche of European Fund for South East Europe (EFSE), which provides financing to micro and small scale enterprises, rural and housing loans through qualified financial intermediaries.
EFSE aims to complement financial su...
SPARKASSE BANK DDSPARKASSE BANK MAKEDONIJA AD SKOPJE
Loan for financing small and medium-sized projects carried out primarily by SME's as well as by other beneficiaries of any size and ownership, including Local Authorities.
Improving access to term finance at favourable conditions.
Credit line...
in Corridor X between Nis and the border with Bulgaria at Dimitrovgrad; the construction of a 74.1 km motorway section in the Corridor between Leskovac and the FYROM border; and the completion... , Serbia, FYROM and Greece. The project will cater for international, intercity and local traffic demand. It is considered to be the core element of the transport network in the Western Balkans. The grant
and villages.
This operation represents a continuation of the EIB's support for FYROM and is fully in line with the EIB's lending priorities for the strengthening and development of activities... .
Since 1998, the EIB has lent around EUR 280 million for projects in FYROM.
Aleksandar Stanojkovski
Macedonian Bank for Development Promotion
Veljko Vlahovic Str n°26, 1000 Skopje
Tel. +389 2 3109 981
The loan is intended to support SME projects and any size industrial investments in the fields of knowledge economy, energy, environmental protection and services.
EIB loan...
Aleksandar Stanojkovski
Macedonian Bank for Development Promotion
Veljko Vlahovic Str n°26, 1000 Skopje
Tel. +389 2 3109 981
The Loan is intended to support SME projects and any size industrial investments in the fields of i2i, energy, environmental protection and services.
EIB loan for SMEs will...
The European Investment Bank (EIB) is providing a grant of up to EUR 4 million to ProCredit Holding’s subsidiaries in Georgia, Armenia and Moldova, consisting of interest subsidies for the final beneficiaries, as well as credit enhancement on the loans in question. This grant builds on the EIB’s ...
FYR of Macedonia
Construction of a new 28-km section of motorway on the Pan-European Corridor X in FYROM between Demir-Kapija and Smokvica.
The purpose of the Corridor X project is to improve capacity, traffic safety and travel times on this section of the Pan-European Corridor X. The project is important for the economic development of FYROM and the neighbouring countries and will contribute to EU priority objectives under Article 267 (c).
Transport
The Bank’s services, in co-operation with the European Commission, will take particular care to ensure that proper attention is given to all
1. ProCredit Bank a.d. Beograd (Serbia);
2. ProCredit Bank Ukraine (Ukraine);
3. ProCredit Bank a.d. (Bulgaria);
4. ProCredit Bank SA (Romania);
5. ProCredit Bank Georgia JSC (Georgia);
6. ProCredit Bank CJSC (Armenia);
7. Bankes ProCredit SHA (Albania);
8. ProCredit SA (Moldova);
9. ProCredit Bank Kosovo (Kosovo under UNSCR 1244);
10. ProCredit Bank Macedonia (FYROM);
11. ProCredit Bank Bosnia and Herzegovina (Bosnia and Herzegovina).
For Member States and Western Balkans: Loan for financing small and medium-sized projects promoted by SMEs (within the Bank’s usual eligibility criteria
for Reconstruction (EAR), who has indicated an interest in providing grant financing for the technical assistance required for project implementation. This first EIB loan for the energy sector in FYROM represents a diversification of the Banks operations in terms of sector and client involvement in FYROM, where the EIB until now has mainly been supporting the transportation sector with loans totalling EUR 130
together more than half of the domestic lending market. More banks may be added in due course. This first EIB loan for the private sector in FYROM, represents a diversification of the Banks operations in terms of sector and client involvement in FYROM, where the EIB has been mainly supporting the transportation sector with a total of EUR 130 million for two priority road schemes. The loan is utilising the residual balance available under the EUR 150 million EU-FYROM Financial Protocol of December 1997, which expires end of June 2001. The global loan aims at serving existing private sector
and cleaning wastewater before discharging into receiving waters. As an EU candidate member state, the project will contribute to FYROM’s future compliance with EU standards and regulations on water, sanitation... the appraisal. With regards to regulations concerning the protection of habitats, respective EU Directives are considered to be transposed, subject to verification during appraisal. FYROM is part
The European Investment Bank (EIB), the European Union's long-term credit institution, announces its first loan for a project in the FYR of Macedonia. The ECU 70 million loan to the Republic will help build two motorway stretches, 36 km on the E65 between Skopje and Tetovo in the Northwest of the...
The European Investment Bank, the European Union's long-term financing institution, is lending the FYR of Macedonia EUR 60 million for major road developments that form crucial elements in the Balkan post-war reconstruction effort. The loan was concluded in the Macedonian capital of Skopje follow...
The European Investment Bank (EIB), the Union's long-term financing institution, signed a EUR 22 million loan for energy in Serbia and Montenegro. The loan agreement has been signed today in Venice at the conference on The Balkans from reconstruction to economic integration chaired by Mr. Giulio ...
Tutunska Banka AD
Credit line for financing of limited scale projects of small and medium enterprises and local infrastructure projects of local authorities.
Make available access to long-term funds at affordable interest rates to sectors of economy with least availability of financing – small an...
Macedonian Bank for Development Promotion
Veljko Vlahovic Str n°26, 1000 Skopje, FYR of Macedonia
Tel. +389 2 3109 981
The credit line is intended to support SME projects and any size industrial investments in the fields of the knowledge economy, energy and environmental protection in FYR of Mace...
or will be adequately assessed for compliance with environmental regulations in FYROM and in line with EU standards.
EIB procedures for international procurement would be applied, where applicable
The European Investment Bank (EIB) and the Macedonian Bank for Development Promotion (MBDP) have signed today in Skopje a EUR 100m loan aimed at financing projects in the Former Yugoslav Republic of Macedonia. The operation is intended to support small and medium enterprises (SMEs) and any siz...
European Fund for South East Europe
SA, SICAV-SIF
c/o Citibank International
Atrium Business Park
31 za Bourmicht
L-8070 Bertrange
Grand Duchy of Luxembourg
Investement in the A senior tranche of EFSE.
EFSE aims to complement financial support provided by the local financial sector and by the dev...
In the period 2007-2013, the EIB provides finances for the countries in the enlargement region: Candidate countries Croatia
Turkey
Iceland
The Former Yugoslav Republic of Macedonia (FYROM)
Montenegro
Potential candidate countries The Western Balkans
EIB group lending in the enlargement countries takes the form of: Individual loans
Intermediated loans
Venture capital finance
EIB supports investment efforts required: to meet the requirements of EU legislation
to aid economic development prior to the start of membership negotiations
The EIB works closely with the European
These following banks and financing institutions are our intermediaries for investments financed in the framework of EIB's credit lines (so-called EIB Global Loans). Candidate countries: Croatia , Turkey , Former Yugoslav Republic of Macedonia (FYROM) , Montenegro .
Western Balkans: Albania , Bosnia and Herzegovina , Serbia (including Kosovo) .
Mediterranean partner countries (MPC) - FEMIP: Intermediated Loans: Algeria , Egypt , Gaza/West Bank , Israel , Jordan , Lebanon , Morocco , Syria , Tunisia .
Investment funds
EU Eastern Neighbours Russia , Ukraine , Moldova , Armenia , Azerbaijan
The European Investment Bank (EIB) is investing EUR 25 million in the European Fund for South-East Europe (EFSE), which will onlend the EIB funds via intermediary financial institutions to micro and small enterprises and private households. The objective of the EFSE is to make the majority of its...
Kreditanstalt für Wiederaufbau (KfW), Frankfurt Contact point: Monika Beck Palmengartenstraße 5-9 60325 Frankfurt Germany Tel: +49 (-69) -7431 4069
The fund provides financing to micro and small scale enterprises, rural and housing loans through qualified financial intermediaries.
The object...
The Bank, EC and KfW are acting as the main Promoters of the Fund. The Fund is expected to be set up as a closed-ended investment company organised under the laws of the Grand Duchy of Luxembourg in the form of a public limited company qualifying as a société d'investissement à capital variable (...
), rehabilitation of priority roads (60 million), and global loans to Hypovereinsbank Croatia, HBOR and Privredna Bank (a total of 46 million).
FYROM : 20 million global loan to the government for channelling
The Western Balkan investment facility (WBIF) will grant EUR 3m for the preparation of the motorway project running (Corridor X) between Salzburg in Austria and Thessaloniki in Greece. The grant will be blended with other loans and grants from EIB, EBRD, World Bank as well as the Greek Government. The agreement was signed on the occasion of the Fifth WBIF steering Committee meeting at the EIB in Luxembourg . The Corridor X is one of the pan-European corridors: it passes through Austria, Slovenia, Croatia, Serbia, FYROM and Greece.
and FYROM-Former Yugoslav Republic of Macedonia. While the EIB is already the major provider of funds for upgrading infrastructure in the ten Central and Eastern European countries(2) which have... : Albania, Bosnia and Herzegovina and FYROM. So far, the EIB has provided EUR 68 million for projects in Albania, EUR 70 million in FYROM and has recently accepted a mandate to lend up to EUR 100 million
of the project. Thirty-three participants from Albania, Belgium (Flanders), Croatia, Cyprus, FYROM, Finland, Greece, Ireland, New Zealand, Portugal, Serbia, Turkey, U.S.A and the U.K (Scotland
Roads of Serbia
Vlajkoviceva 19a
11000 Belgrade
Serbia
The project concernes the construction of a new motorway between Leskovac and FYROM border. It will be approximately 100 km long, with a cross-section of between 26 and 28 meters and designed for a speed of 100-120 km/h.
The new highway is expected to be suited to current and estimated future traffic levels, and is also expected to reduce the accident rate, which at present is relatively high.
Transport
According to preliminary information, Environmental Impact Assessment (EIA) studies have been carried out. The environmental process
Yugoslav Republic of Macedonia (FYROM), as well as Bulgaria and Romania.
Projects have been grouped into a Quick-Start Package of capital investment, with implementation commencing, or tenders awarded up... , the EIB is financing projects in the Balkans under its normal lending activity in the region.
In Albania, Bosnia-Herzegovina and the FYROM, the Bank is operating under the current mandate... Esatern Europe, which do not have candidate status: Albania, Bosnia-Herzegovina, Croataia and the FYROM. It is expected that the existing mandate will be extended to the Federal Republic of Yugoslavia
supply business. Hellenic Petroleum is a leading player in South-East European markets. The Group owns the sole refinery in the Former Yugoslav Republic Of Macedonia (FYROM) and is one of the key fuel marketing players in Cyprus, Serbia, Bulgaria, FYROM, Montenegro, Albania, Bosnia and Georgia, via a network of more than 300 retail petrol stations. Hellenic Petroleum owns exploration assets in Egypt
Airports Modernisation EUR 12 M
Total EUR 510 M
FYR OF MACEDONIA
1998 FYROM Roads
Construction of two sections of the FYROM Motorway EUR 70 M
1999 FYROM Roads II
Construction of the Skopje by-pass
and the FYROM. In cooperation with the European Commission and the other multilateral financing institutions, the EIB plays an active role in the preparation of the reconstruction investment programme of South
Project (SE)
400
Operations in Candidate and Potential Candidate Countries
BALKANS
EFSE II Project (Bosnia and Herzegovina, Serbia, Montenegro, FYROM, Albania)
30
Amount
up to EUR m
and Herzegovina, Croatia and the FYROM. The EIB has followed with great attention the democratic changes of the Federal Republic of Yugoslavia. Immediately after the lifting of the economic sanctions
. The project will serve international, intercity and local traffic demand.
Corridor X was supported for rail (Serbia) and road (Serbia and FYROM). In particular
the recent motorway operation for Corridor X in Serbia, which supports a section from
Nis to the Bulgarian border and another in the south connecting to FYROM, is a major
infrastructure development co financed also by EBRD and the World... , the main projects are loans
supporting water and sanitation in Bosnia and Herzegovina, solid waste treatment
project in Montenegro and water and sanitation in FYROM. Other small scale
infrastructure
FORUMBANK SME & ENERGY/ENVIRONMENT Loan (Ukraine)
100
ENP
SE EUROPE ENERGY EFFICIENCY FUND - SE4F (Croatia, Turkey, Albania,
Bosnia and Herzegovina, FYROM, Montenegro, Serbia)
25
BELGRADE
, Bosnia and Herzegovina and FYROM. In addition, over the recent months, the EIB has taken an active role in the international community's response to the Kosovo crisis. It has established a specific "Balkan
Greece with Italy (port of Patras) and the Balkan countries (Evzoni border crossing to FYROM), PATHE is a key project included in the priority list of Trans-European Network projects (TENs) approved
with Italy (port of Patras) and the Balkan countries (Evzoni border crossing to FYROM), the project is supported jointly by the Community Support Frameworks (CSF) 2 & 3 and the EIB, and is included
The European Investment Bank (EIB), the European Union's financing institution, is providing a loan of EUR 50 million to the to the state-owned Croatian Motorway Company (HAC)for the rehabilitation of the motorway along Pan-European Corridors X and Xa. The motorway links Croatia to Western Europe and provides a connection from Austria and Slovenia in the north to Greece via Serbia and FYROM in the south. The loan was signed on December 13 by Mr. Stanko Kovac, President of the Executive Board of Croatian Motorways Ltd., and Mr Ewald Nowotny, Vice President of EIB.. In his address
for transport, energy and SMEs: the rehabilitation of priority roads and motorways in Serbia (EUR 95 million), including 864 km road-sections along Pan-European Corridor X (from Croatia to FYROM with links
, Serbia, Montenegro, FYROM, Albania).
Operations
The Board of Directors approved the following operations:
Operations within the European Union
Amount
up to EUR m
CCGT POWER PLANT... , Serbia, Montenegro, FYROM,
Albania)
Investment in the senior A tranche of the Regional A&B Sub-Fund of EFSE,
providing financing to micro and small-scale enterprises, rural and housing
loans
Annual News Conference 2010 y Briefing Note No 10
25 February 2010 page 1 / 2
Preparing the Candidate and Potential
Candidate Countries for accession: EIB most
active lender in South-East Europe!
The EIB provides loans and guarantees in the Candidate Countries (Croatia, Turkey and the Former Yugoslav
Republic of Macedonia – FYROM) and the Potential Candidate Countries (Albania, Bosnia... the access of SMEs to long-term financing. In the other Candidate Country in the
Western Balkans, FYROM, the Bank provided EUR 100m for onlending to SMEs and lent EUR 3m for participation
European Investment Bank Annual Press Conference 2009
The bank promoting European objectives
Annual Press Conference 2009
Briefing Note No 08
Brussels, 9 March 2009
Candidate and Potential Candidate Countries
The EIB provides loans and guarantees in the Candidate Countries (Croatia, Turkey and the Former
Yugoslav Republic of Macedonia (FYROM)) and the Potential Candidate Countries... and
Herzegovina, EUR 50m in Serbia, EUR 30m in Montenegro and EUR 10m in FYROM).
In the transport sector the Bank provided loans of EUR 60m to finance the construction of a 15 km motorway
section
(Albania, Bosnia & Herzegovina, Croatia, FRY and FYROM)
A partner for the private and public investing
and financing communities
The
European
Union's
financing
institution
Financing... )
for the Western Balkan
Countries
1998 1999 2000 2001
EUR 60 m.
Since receiving a Mandate in the late 1990s to renew its operations in the
five Western Balkans (Albania, Bosnia, Croatia, FRY and FYROM... rehabilitation, FYROM
SME in the Balkans
SME in the Balkans
Capljina bridge,
Bosnia & Herzegovina
Applying for EIB Funding
Details to be submitted to the European Investment Bank
The layout and contents
Rehabilitation Project to rebuild the Yugoslav road network. Due for completion in 2005, the project concerns 864 km road-sections along Pan-European Corridor X (from Croatia to FYROM with links towards
, energy and SMEs: the rehabilitation of priority roads
and motorways in Serbia (95 million), including 864 km road-sections along Pan-European Corridor
X (from Croatia to FYROM with links towards
about ELENA, please visit
www.eib.org/elena.
1 ELENA can provide technical assistance in the
EU Member States, Norway, Liechtenstein, Iceland,
Croatia and FYROM.
A project with the Dutch city
at the borders with the Republic of
Srpska and the FYROM for about EUR 13 million.
6.2 Railways
Most projects are also in the Quick-Start Package totalling EUR 136 million, distributed
in four categories:
• Rehabilitation of the permanent way on two main routes: the east-west axis from
the Croatian border (and Zagreb) to Belgrade, Nis and the FYROM border (towards
Skopje and Greece
– QH-31-12-600-EN-
C – circlecopyrt EIB Graphic
Team
A first loan for small and medium-sized
enterprises in the former Yugoslav Repub-
lic of Macedonia (FYROM), provided
together with the Macedonian Bank...
the company. We also hired new people
and more than doubled our staff to more
than 50 people,” he adds.
FYROM:
Helping small businesses think big
A USD 160m loan from the EIB has assisted
V E R W A L T U N G S R A T
Sitzung am 11. März 2010 in Luxemburg
Vorläufige Übersicht über die Beschlüsse1
-----------------------------------------------
• Der Vorsitzende stellt fest, dass der Verwaltungsrat beschlussfähig ist.
• Teilnehmerliste: beigefügt.
• Die Tagesordnung wird genehmigt.
• Von Herrn Nawrath wird ein Interessenkonflikt zum Projekt EFSE II (Bosnien und
Herzegowina, Serbien, Montenegro, FYROM, Albanien) angemeldet.
Operationen
Der Verwaltungsrat genehmigt folgende Operationen:
In der Europäischen Union
Betrag
höchstens
Mio EUR
(40 million),
rehabilitation of priority roads (60 million), and global loans to Hypovereinsbank Croatia, HBOR and
Privredna Bank (46 million).
FYROM: 20 million global loan to the Government
project in
Bosnia and Herzegovina (n°2101). The tendering procedures are well
finalised for three projects: one in Bulgaria (n° 3401) and one in FYROM
(n°5102) and one in Romania (n°6101). All...
Romania
EUR 775 M
FYROM
EUR 120 M
Croatia
EUR 60 M
EIB – Annual Progress Report on the Quick-Start and Near-Term Packages – 30th April 2001
16
4.2 17 Near-Term Projects by sector
It is recalled... and medium-sized projects in the fields of
environmental protection, energy savings, infrastructure, industry
services and tourism EUR 20 M
Total EUR 128 M
FYR OF MACEDONIA
FYROM Roads II
Construction
Republic of Yugoslavia and FYROM). Special emphasis is being given to financing cross-border regional projects in transportation and energy under the international-sponsored infrastructure programme
Europäischen Union
BALKANLÄNDER
- MBDP Loan for SMEs and Priority Lending (FYROM)
Finanzierung von KMU und Investitionen jeder Größe von
Industrieunternehmen in den Bereichen i2i, Energie und
, tourism and services
80
Operations outside the European Union
BALKANS
- MBDP Loan for SMEs and Priority Lending (FYROM)
Financing SMEs and any size industrial investment in the fields
Closed-end microfinance fund aimed at fostering economic development in South-East Europe through provision of loans to micro and small-sized enterprises and to private households
and medium-sized
energy and environmental projects
100
Amount
up to EUR m
SE EUROPE ENERGY EFFICIENCY FUND - SE4F (Croatia, Turkey,
Albania, Bosnia and Herzegovina, FYROM, Montenegro
blivit etablerad 7
Finansieringsordning
för âteruppbyggnad för
jordbävningsdrabbade
Turkiet m
"Euromarknaderna:
Framtida förändringar" 12
Balkan: EIB upprättar
lista over prioriterade
infrastrukturprojekt 17
Att finansiera en
hâllbar stadsutveckling 21
1999 ars EIB-pris 24
3.-1999 et...
Europ'
Invest
Bank
3-2f»00
Contents
Regional development:
at the heart of the EIB's
activities
EIB Forum 2000:
Regional development -
making efficient use of
financial resources
The EIB to host
TENs conference
"Achievements
to date and the
way forward" 1
Two new
Vice-Presidents 1...
IRELAND
PORTUGAL
ALGERIA
TUNISIA
MOROCCO
HUNGARY
MOLDOVA
CZECH REP.
SLOVAKIA
POLAND
ROMANIASLOVENIA
ALBANIA
F.Y.R.O.M.
(Former Yugoslav Rep.
of Macedonia)
BOSNIA & H.
BULGARIA
AFGH.IRAN
IRAQSYRIA...
ICELAND
NORWAY
UNITED
KINGDOM
IRELAND
PORTUGAL
ALGERIA
TUNISIA
MOROCCO
HUNGARY
MOLDOVA
CZECH REP.
SLOVAKIA
POLAND
ROMANIASLOVENIA
ALBANIA
F.Y.R.O.M.
(Former Yugoslav Rep.
of Macedonia)
BOSNIA & H
Ill Europese Investeringsbank
Inhoud
Philippe Maystadt
nieuwe president van
de EIB 1
Drie nieuwe
vice-presldenten ,"·
Sir Brian Unwin In
afscheldslntervlew:
De EIB Is proactlever
geworden
Activiteiten in de
gezondheidszorg 7
Turkije: kredietfaciliteit
en donatle voor
de wederopbouw...