Croatian companies to get green-financing boost with €150 million EIB loan to development bank HBOR
Croatia, July 8 -- A range of businesses in Croatia will gain financing for green and other projects as a result of a €150 million loan from the European Investment Bank (EIB). The EIB credit is to the Croatian Bank for Reconstruction and Development (HBOR) and targets companies including Mid-Caps and public entities in Croatia.The loan will be deployed through direct lending by HBOR and through local commercial banks and other financial intermediaries. It marks the first tranche of a new €350 million loan agreement between the EIB and HBOR to expand access to financing for Croatian companies.At least 30% of the financing will be earmarked for green investments. These include actions to save energy, expand renewable power, use s...
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