European Investment Bank (EIB) granted loans in Estonia, the amount of 700 million euros for investments in social and economic infrastructure, energy and human capital development. This was reported on Tuesday, the press service of the EIB. "Estonia is one of our shareholders and we are very pleased that we can give her all the advantages of our financial strength in these difficult economic times," - said vice-president of the EIB Streyber Eva (Eva Srejber). "These funds will not only promote the competitiveness of Estonian economy, but also to improve the efficient use of funds earmarked for this country," - she added. Total Since 1993 the EIB has provided Estonia, given on Tuesday signed an agreement, the order of 1.2 billion euros. The European Investment Bank is a financial lending institution the EU, specializing in the financing of the backward regions of Europe in the form of long-term loans. The authorized capital of the EIB is formed by contributions from EU member states. With the strengthening of economic and financial crisis in the world increased and EIB loans. So, if in 2007 they amounted to 48 billion euros in 2008 this figure had grown already to 57 billion euros. Portal Bank.ru Materials Rihanna.
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