Spectator on facebook

Spectator on facebook

EIB loan will support agriculture and forestry projects

Finance Minister Peter Kažimír has signed an agreement to borrow €120 million from the European Investment Bank (EIB) for projects in agriculture and forestry. The March 4 loan agreement targets projects for the Rural Development Program for the period 2007-2013. It is a possibility to obtain low-interest funding with longer maturity, the Finance Ministry told SITA newswire. The loan can be drawn until November 2015. The goal of supported projects should be increasing the quality of agricultural infrastructure, reforestation and better protection of forests.

Finance Minister Peter Kažimír has signed an agreement to borrow €120 million from the European Investment Bank (EIB) for projects in agriculture and forestry.

The March 4 loan agreement targets projects for the Rural Development Program for the period 2007-2013. It is a possibility to obtain low-interest funding with longer maturity, the Finance Ministry told SITA newswire. The loan can be drawn until November 2015. The goal of supported projects should be increasing the quality of agricultural infrastructure, reforestation and better protection of forests.

“We are a reliable partner for the EIB, as is proven by the low interest rate, as well as the fact that we do not pay any fees to draw the loan,” Kažimír said.

Since 1993, the EIB has lent about €4 billion to Slovakia. The largest projects that the EIB has financed so far include the construction of the Apollo Bridge over Danube River in Bratislava, construction of new sections of highways and dual carriageways, as well as modernisation of parts of the existing roads, construction and modernisation of railway lines and utility networks.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovak healthcare needs thousands of medical workers

Slovak doctors, nurses and midwives are not hesitating in finding better work conditions abroad.

Illustrative Stock Photo

Fight with traffickers thwarted online sale of hockey tickets

The algorithm not only prevented traffickers but also ordinary fans from buying tickets.

Waiting for tickets in Košice

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall