Connect with us

Uncategorized

CEB loan of €200 million to boost economic growth and reconstruction efforts in Croatia – Croatia

Published

on

 


PARIS – The Council of Europe Development Bank (CEB) and the Croatian Bank for Reconstruction and Development (HBOR) today signed a €200 million loan to boost economic growth and support earthquake recovery and reconstruction efforts in Croatia.

In 2020, the Croatian economy contracted sharply due to the COVID-19 pandemic. Moreover, two powerful earthquakes hit the country in March and December 2020, causing widespread damage and impeding people’s access to public services, including health care and education.

“We are very pleased to continue our long-term cooperation with HBOR and support sustainable recovery in Croatia after a very difficult period marked by the COVID-19 pandemic and two devastating earthquakes,” said CEB Governor Carlo Monticelli. “Our latest loan will enable investment in critical social infrastructure across the country and boost regional development.”

The CEB loan will be directed through HBOR directly to eligible final borrowers to partially finance the development and modernization of local and regional infrastructure, such as water supply, wastewater disposal and treatment networks, local roads, educational and cultural facilities and other municipal facilities.

The loan will allow HBOR to support micro, small and medium-sized enterprises (MSMEs), create new jobs and maintain existing ones, and finance the rebuilding and retrofitting of earthquake-damaged infrastructure and buildings.

Given its flexibility in terms of allocation, regional distribution and the possibility of merging with other sources of financing, the loan will enable HBOR to enhance competitiveness and enhance access to financing for small businesses and local authorities.

said Tamara Berkow, Chair of the Board of Directors of HBOR. “We will use this loan money for financing under our existing loan programs, but also for projects that will be funded under the National Recovery and Resilience Plan (NRRP).”

Eligible final borrowers include start-up companies, MSMEs, public and private entities that play a role in the economic and infrastructure development of Croatia, local government units and institutions, and public utility companies. The loan will be implemented across the country thus benefiting a large number of end beneficiaries.

This is the ninth CEB loan for HBOR. It follows a €200 million loan approved in 2019 and a €100 million loan from 2017, both of which support local authorities and MSME investments.

—- Croatia

As a CEB member since 1997, Croatia has so far received over €1 billion in bank financing to support major investments in health, urban and rural infrastructure, flood prevention measures, and micro, small and medium enterprises. (Micro, Small and Medium Enterprises). Croatia also benefits from the CEB-administered Regional Housing Program and is a partner in this programme. More details are available here.

Sources

1/ https://Google.com/

2/ https://reliefweb.int/report/croatia/cebs-eu200-million-loan-foster-economic-growth-and-earthquake-reconstruction-efforts-croatia

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]