development , fostering innovation-enabling infrastructure and enhancing knowledge and skills in Poland . The agreement is also designed to contribute to sustainability by protecting the environment , biodiversity and ecosystems .
This initiative follows two operations similar in nature : EU Funds Cofinancing for the period 2007-2013 and EU Co-financing for the period 2014-2020 , confirming a continued commitment to collaborative efforts for the economic and social development of Poland . Last year , Poland received nearly € 5.1 billion in financing from the EIB Group .
In 2023 , the EIB fostered sustainable development in Polish cities , regions with financing that amounted to € 2.33 billion . This support was directed towards projects in locations including Tychy ; Dąbrowa Górnicza ; Szczecin ; Kraków ; Wrocław and Gdańsk . One major example was a € 33 million financing agreement to modernize Kraków ’ s tramways . Another agreement in Kraków offered PLN 244 million to Jagiellonian University for building and fitting out teaching and research facilities on its medical campus – Collegium Medicum .
For ground transport in Poland , the EIB last year intensified collaboration with Bank Gospodarstwa Krajowego over the modernisation of Polish roads that are part of the Trans-European Transport Network ( TEN-T ). In other activities helping Polish regions last year , the EIB ’ s ‘ Joint Assistance to Support Projects in European Regions ’, or JASPERS , programme supported initiatives in water management , flood mitigation and transport emission cuts .
In 2019-2023 , the EIB Group ’ s investment in sustainable regional development totalled € 11.91 billion . EIB Group support for SMEs and mid-caps in Poland last year reinforced their role as drivers of Polish
The port of Gdańsk , Poland ( image : Shutterstock . com .)
economic development . A total of € 633 million in EIB Group financing supported more than 47,700 Polish SMEs and mid-caps and sustained almost half a million jobs . Agreements with Pekao Leasing , Europejski Fundusz Leasingowy and Credit Agricole facilitated financing for green investments , innovation and women entrepreneurs . In addition , EIF investments in the Polish venture-capital market to support the most innovative companies in Poland totalled € 153 million in 2023 . In 2019-2023 , the EIB Group ’ s support to SMEs and mid-caps totalled € 6.62 billion . n
The European Investment Bank ( EIB ) is extending a € 600 million loan to the Republic of Poland to bolster the Polish economy
38 | ismr . net | ISMR May 2024