Investment Plan for Europe: EUR 125 million support for companies in Croatia and Spain

The European Investment Bank (EIB) has signed an agreement to support HBOR (Hrvatska Banka za Obnovu i Razvitak) with a EUR 50 million guarantee. The agreement aims to facilitate the financing of medium-sized companies in Croatia. In a separate transaction, the EIB has agreed to provide a EUR 75 million loan to Spanish business group Dominion to support the group’s innovation projects, specifically the digitalisation of production processes. These transactions benefit from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Commenting on the Croatian agreement, European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “Today’s signature in Croatia of an EIB guarantee financed under the Investment Plan signals that we are improving the geographical coverage of the European Fund for Strategic Investments (EFSI). Improving the geographical reach of EFSI is a key element in our proposal for its extension. Having now reached the halfway mark in our target for mobilising an additional €315 billion of investments in Europe, we are firmly on track.”