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'EastInvest' for eastern regions, up to €28 billion by 2027

(ANSA) - BELGRADE, FEB 25 - The European Commission will launch the 'EastInvest Facility' investment platform tomorrow to support the EU's eastern regions, with the goal of attracting up to €28 billion in public and private investment between 2026 and 2027. The European Investment Bank (EIB), the European Bank for Reconstruction and Development, the Nordic Investment Bank, the Council of Europe Development Bank, and the national promotional banks of the nine Member States targeted by the initiative—Finland, Estonia, Latvia, Lithuania, Poland, Slovakia, Hungary, Romania, and Bulgaria—will collaborate on the initiative, as announced in the EU's Eastern Borders Strategy. The idea is to make loans and advisory services more accessible to private and public project promoters in the EU's eastern regions. The instrument will be launched at a high-level event in Brussels hosted by Executive Vice President Raffaele Fitto, during which financial institutions will sign a declaration of intent. Ursula von der Leyen, President of the European Commission, will officially open the event. Participants include Estonian Prime Minister Kristen Michal, Lithuanian Prime Minister Inga Ruginienė, Latvian Prime Minister Evika Siliņa, Romanian Prime Minister Ilie Bolojan, and European Investment Bank President Nadia Calviño. (ANSA).

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