Project approvals

STRASBOURG - 477.7 million euros worth of projects approved by the Administrative Council, with 79% in favour of the target group countries.

Bosnia and Herzegovina
A project worth 9.2 million euros, with the Government, to modernise the country’s health system, bringing it into line with European standards. The project will finance in priority the renovation of "ambulantas" – first aid centres, training for doctors and the purchase of high-performance medical and computer equipment.

Bulgaria
A project worth 30 million euros with Raiffeisen Bank to facilitate SME access to medium and long term loans with which to finance their productive investments, thereby contributing to enhancing their competitiveness, as well as to creating and preserving jobs.

Croatia
A project worth 75 million euros with the Government to finance investments aimed at protecting the environment and more particularly at modernising the drinking and wastewater management systems throughout the county. This project will contribute to bringing the country into line with European environmental standards, within the framework of Croatia’s anticipated accession to the EU in 2013.

France
A project worth 100 million euros with OSEO in favour of SMEs situated in regions of France where the unemployment rate is equal to or higher than the European Union average, in order to foster the creation and preservation of viable jobs in such regions.

Poland
A project worth 75 million euros with Bank Ochrony Środowiska SA in favour of urban rehabilitation, rural modernisation and environmental protection through the financing of investments in social public infrastructure. This project, principally targeted to sustainable economic development, also includes the cofinancing of projects implemented within the framework of the JESSICA initiative.

Romania
A project worth 100 million euros with UniCredit Leasing Corporation to finance, via a system of leasing, productive investments for Romanian SMEs in order to boost their activity and to preserve and create jobs. The project also includes a section concerned with financing health infrastructure through the purchase of new medical equipment.

Serbia
A project worth 28.5 million euros with the Republic of Serbia within the framework of the “Education for social integration” Programme set up the Government. The CEB funds will finance accommodation for secondary school and university students whose pursual of education depends on the places available in State dormitories, and training for teachers in contact with children from vulnerable population groups such as the Roma.

A project worth 10 million euros with Raiffeisen Leasing d.o.o Beograd to finance investments for Serbian SMEs, through a system of leasing, in order to help them improve their competitiveness and promote the preservation and creation of jobs in the country.

Slovak Republic
A project worth 50 million euros with Československá obchodni banka to finance a programme of investments in social infrastructure aimed at building up the capacity of local, regional and municpal authorities to meet the needs of the populations they administer while at the same time fostering sustainable economic development.