Poland will deposit 8 billion EUR in EFSI

Noam Stiekema

Poland will deposit 8 billion EUR in EFSI. The European Fund for strategic investments (EFSI) is an important feature from the Plan Juncker for investments in projects in all the members of European Union. So far the EFSI, which has not yet been approved by the European institutions, got deposits from five countries – Germany, […]

EFSI plan

EFSI planPoland will deposit 8 billion EUR in EFSI. The European Fund for strategic investments (EFSI) is an important feature from the Plan Juncker for investments in projects in all the members of European Union. So far the EFSI, which has not yet been approved by the European institutions, got deposits from five countries – Germany, France, Italy, Spain and Luxembourg. Together with the deposit of Poland the amount increases to 33.5 billion EUR.

The European Commission expects that until June the Fund will obtain all necessary approvals and during the summer some projects of small and medium-sized enterprises, as well as some infrastructure projects will receive funding under the program. Despite a good start and quickly raised 33.5 billion EUR, the plan to revive the European economy of Jean-Claude Juncker expects to be allocated 315 billion EUR by the end of the mandate of the Commission. The funds accumulated so far in EFSI come from national development banks of the six countries of the community. France, Italy and Germany have allocated 8 billion EUR, Spain – 1.5 billion EUR and Luxembourg – 80 million EUR.

The money from EFSI will be used primarily to stimulate private investment and public-private partnerships in the economy of individual EU countries. The Commission added that the economic crisis shrunk serious investment

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