In 2005, the European Council granted FYROM the status of a candidate country, although accession negotiations have not started. Starting in 1977 with a EUR 3m loan to the energy sector, the Bank has provided a total of over EUR 330m in financing since 1998, and EUR 110m in 2012. Efforts have been made by the EIB to support the local economy through a network of local banks, including a EUR 100m project in 2009 with the Macedonian Bank for Development Promotion (MBDP) to back SMEs, skills and innovation, energy and environmental protection in the country.
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
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
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) and ProCredit Bank today signed a credit line worth EUR 10 million which will support very small, small and medium sized enterprises in Kosovo*. The EIB was represented by Vice-President Dario Scannapieco, responsible for operations in the Western Balkans; ProCr...
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).
The Bank’s services, in co-operation with the European Commission, will take particular care to ensure that proper attention is given to all
Risk management and Implementation of Basel II – III
Relations with the Organisation for Economic Co-operation and Development (OECD), World Trade Organization (WTO), Bank for International Settlements (BIS), think-tanks
Financing operations in Bulgaria, Greece, Cyprus, Romania, FYROM and EFTA countries
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
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 ...
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
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.
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 ...
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...
We also support SMEs outside the EU. For more information, contact our partners in each country: Candidate countries: 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 in this region
EU Eastern Neighbours Russia , Ukraine , Moldova , Armenia , Azerbaijan , Georgia .
Africa, Caribbean, Pacific and Overseas countries
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...
), 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
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
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
Roads of 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.
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
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
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).
The Board of Directors approved the following operations:
Operations within the European Union
up to EUR m
CCGT POWER PLANT... , Serbia, Montenegro, FYROM,
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
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
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
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.
Der Verwaltungsrat genehmigt folgende Operationen:
In der Europäischen Union
Ill Europese Investeringsbank
nieuwe president van
de EIB 1
Sir Brian Unwin In
De EIB Is proactlever
Activiteiten in de
en donatle voor
3-2000·Ν°106 ISSN 1025-0891
Det ârliga EIB-forumet som hölls for
sjätte gangen ägnades ât regional-
utveckling, vilket är bankens huvud-
Cirka 300 specialister frân statligt och
politiskt hall, EU-organisationer samt