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Project approvals

4 February 2008

PARIS - Meetings of the Executive Committee and Administrative Council on 31 January and 1 February 2008 – 197 million euros worth of projects approved

Bosnia and Herzegovina
Three projects: one with Hypo Alpe Adria Bank Mostar (€ 20 million), the second with Hypo Alpe Adria Bank Banja Luka (€ 20 million) and the third with Hypo Alpe Adria Leasing (€ 10 million). By facilitating access to long term financing for beneficiary SMEs, these projects will allow for the creation of new permanent and seasonal jobs, and enhance SME competitiveness.


Bulgaria
Two projects:
• One, with Procredit Bank BG, will contribute to the creation of jobs in Bulgarian SMEs and more particularly very small enterprises (10 million euros).
• The second, with Raiffeisen Leasing OOD Bulgaria, will facilitate the job creation and preservation in Bulgarian SMEs, which do not have access to traditional bank financing, by providing them with financing in the form of leasing (20 million euros).

Hungary
This project, with the Government, concerns the co-financing of the North Great Plain Operational Programme (NGP OP) with the European Union for the long-term development of the region: help for vulnerable populations, promotion of economic development, improvement of social services (71 million euros).

Ireland
This project, with Housing Finance Agency plc, aims at helping local authorities to protect the environment by promoting investments in water management and waste and wastewater treatment infrastructure (25 million euros).

Moldova
This project, with the Government, will finance phases 1 and 2 of the reconstruction and renovation of the Chisinau Republican Clinical Hospital (RCH) (9 million euros).

"the former Yugoslav Republic of Macedonia"
This project, with ProCredit Bank, is intended to promote the creation and maintenance of jobs in SMEs through long-term investment projects (12 million euros).

During 2007, the Council of Europe Development Bank approved 37 projects, for a total amount of 2 414 million euros.