Czech Republic

Mid-Cap companies in Czechia and Slovakia will be eligible for as much as €400 million in favourable loans as a result of a guarantee from the European Investment Bank (EIB) to a local subsidiary of UniCredit SpA. The EIB is providing a €200 million guarantee to Unicredit Bank Czech Republic and Slovakia to enable the lender to offer up to twice the amount in new loans for Czech and Slovak manufacturing and export-oriented businesses.

Czechia will upgrade and expand its electricity network with a European Investment Bank (EIB) loan totalling 9.3 billion Czech korunas (around €380 million). Czech transmission system operator ČEPS a.s. will use the EIB credit to renew and extend high-voltage infrastructure across the country.

The European Investment Bank (EIB) Group provided €1.93 billion (nearly CZK 47 billion) in new financing in Czechia last year on the back of support that improved railway services, promoted clean energy, strengthened business growth and expanded affordable housing. EIB Group financing last year advanced Czechia’s green transition while bolstering competitiveness and regional development across the country.