Cyprus Mail

EIB to finance EU projects worth €100m and €15m in Hellenic Bank SMEs loans

Werner Hoyer, the EIB chairman

By Stelios Orphanides

Cyprus and the European Investment Bank will sign a €100m loan agreement which will help finance projects co-financed by the European Union’s cohesion funds in 2014 to 2020, the finance ministry said.

In addition, the two parties will sign an agreement guaranteeing a total of €15m in loans to be funneled by Hellenic Bank to small and medium size enterprises in Cyprus, the finance ministry said in an emailed statement on Thursday.

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