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Croatian businesses to get financing boost as EIB Group provides €132 million backing to Erste Bank
The European Investment Bank (EIB) Group is providing Croatia-based Erste&Steiermärkische Bank d.d. (ESB) with €132 million in support to expand lending to a range of businesses in the country. The backing is in the form of a €100 million guarantee from the EIB and two portfolio guarantees totalling €32 million from the European Investment Fund (EIF).
Croatian firms upbeat about business outlook, EIB Investment Survey shows
Investments by Croatian companies are 26% above pre-Covid levels and the country’s businesses are more optimistic than most in Europe about the economic outlook, according to a European Investment Bank (EIB) Group survey. In addition, almost nine in 10 Croatian companies have taken steps to reduce emissions of greenhouse gases – in line with the European Union average, new country results from the EIB Group Investment Survey (EIBIS) show.
Croatia’s biggest cities to get EIB guidance on developing affordable housing
The European Investment Bank (EIB) will advise five major Croatian cities – Zagreb, Rijeka, Split, Osijek and Varaždin – on expanding social and affordable homes to meet growing demand from residents. Under an advisory agreement with the five cities, the EIB will lend its expertise to them in tackling challenges including a need to increase housing for socially vulnerable and low-income people.