Signature(s)
Amount
€ 30,000,000
Countries
Sector(s)
Montenegro
: € 30,000,000
Credit lines
: € 30,000,000
Signature date(s)
1/10/2008 : € 30,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
19 May 2008
Status
Reference
Signed | 01/10/2008
20080195
Project name
Promoter - financial intermediary
HAA Group Montenegro GL
Hypo Alpe-Adria-Bank AD Podgorica
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million.
Not applicable.
Location
Sector(s)
Description
Objectives
Credit line operation for financing small and medium-scale projects promoted by SMEs or by other final beneficiaries in the field of environmental protection, energy savings, infrastructure, industry, services and tourism.
Provide access to long-term funds at affordable interest rates to sectors of the economy with limited access to financing – small and medium size enterprises and local authorities..
Environmental aspects
Procurement
The financial intermediaries will be requested to ensure compliance of sub-projects with EU directives.
The final intermediaries will be requested to ensure compliance of sub-projects with relevant national and EU procurement laws, as appropriate.
Link to source
Summary sheet
Other links
Data sheet
News & Stories
Link to source
Other links