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
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