Bratislava – The European Investment Bank (EIB) has extended a loan of 240 million euros to Slovakia to co-finance ecological and digital initiatives backed by the European Union (EU). Slovak Finance Minister Ladislav Kamenický (Smer-SD) asserted that these funds will be strategically utilized to foster a smarter, cleaner, and more competitive economy, according to a report by TASR.
In a statement issued on Wednesday, EIB Vice-President Kyriacos Kakouris highlighted that the financing will enhance Slovakia’s capacity to access EU grants, benefiting citizens and businesses through expedited economic growth and social development.
“Our financing will bolster cohesion and improve public services, the business climate, and living standards in Slovakia,” Kakouris added.
The EIB funds will be allocated towards initiatives that focus on enhancing research and innovation, digitizing the economy, fostering the growth and competitiveness of small and medium enterprises (SMEs), developing skills for smart specialization, improving digital connectivity, boosting energy efficiency and renewable energy sources, adapting to climate change, promoting sustainable water usage, advancing the circular economy, and protecting nature and biodiversity.
“This EIB loan empowers us to support projects that encourage digital innovations, expand renewable energy initiatives, and bolster climate resilience. Our partnership with the EIB ensures that Slovakia stays aligned with EU sustainability objectives while also fostering job creation and economic stability in our regions. We are dedicated to utilizing these resources effectively to create a smarter, cleaner, and more competitive economy,” stated Slovak Finance Minister Ladislav Kamenický (Smer-SD). (February 20)
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