Bratislava gets €40 million loan from CEB

The Council of Europe Development Bank (CEB) approved a €40-million loan for Bratislava city to be used for employment projects, CEB chariman Rolf Wenzel informed.

The Council of Europe Development Bank (CEB) approved a €40-million loan for Bratislava city to be used for employment projects, CEB chariman Rolf Wenzel informed.

“This loan is to be directed at the public transport of people commuting daily to Bratislava,” Wenzel said at a press conference on September 9. “In my opinion, not only residents of Bratislava, but particularly people living in suburban districts, will appreciate it,” he noted.

Wenzel did not provide further information on the loan, but stated that the bank had provided the city with a more advantageous rate compared to the interest rates that would have been charged in commercial markets. He noted that the loan is to be provided for a period of 20 years. The press conference was held on the occasion of Wenzel’s first official visit to Slovakia. He met Finance Minister Peter Kažimír, Health Minister Zuzana Zvolenská, top officials of the Labour Ministry and Education Minister Dušan Čaplovič, the SITA newswire wrote.

Wenzel told the TASR newswire that the CEB Bank was established in 1956 and it resides in Paris, with 40 European countries as members. Slovakia joined the CEB in 1998.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.