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EIB: Fewer Funds for Austrian Companies
People ♦
Published: February 24, 2012; 11:39 ♦ (Vindobona)
After a record in 2011, the European Investment Bank (EIB) will reduce lending to Austrian companies this year.
EIB: Fewer Funds for Austrian Companies / Picture: © Vindobona.org
In 2011, EIB provided € 61bn as loans to European companies. This sum will be reduced to € 50bn in 2012. As the bank has to fear a downgrade of its „AAA“-rating, funds were cut considerable. Last year, Austria received € 2.02bn from EIB. Mainly infrastructure projects, such as the construction of railway and highway projects were financed. This year, funds will be reduced said…
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