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Communication from the Commission concerning the intervention of the European Investment Bank in Central and Eastern European countries. Proposal for a Council decision granting a Community guarantee to the European Investment Bank against losses under loans for projects in Central and Eastern European countries (Poland, Hungary, the Czech Republic, the Slovak Republic, Romania, Bulgaria, Latvia, Estonia, Lithuania and Albania). COM (93) 212 final, 17 May 1993

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COMMISSION OF THE EUROPEAN COMMUNITIES CON(93) 212 final Brussels, 17 May 1993 CQMMUNICAT!ON FROM THE COMMISSION concerning the Intervention of the European Investment Bank In Central and Eastern European countries Proposal for a CQUNCIL DECISION granting a COmmunity guarantee to the European Investment Bank against losses under loans for projects In Central and Eastern European countries (Poland, Hungary, the Czech Republic, the Slovak Republic, Romania, Bulgaria, Latvia, Estonia, Lithuania and Albania) (presented by the Commission) - ) - COMMUNICATION FROM THE COMMISSION LIST OF CONTENTS A. Community commitments In Central and Eastern European countries (CEEC): Decisions regarding the EIB. B. EIB activities In the CEEC. c. Impact of the EIB activities In the CEEC. D. Obstacles encountered and ways to overcome them. E. Cooperation with other Institutions. F. The new programme. G. Conclusions. - 3- A.' COMMUNITY COMMITMENTS IN CENTRAL ANP EASTERN EUROPEAN COUNTRIES <CEECl; DECISIONS REGARQING THE EIB 1. Since the Arche summit (July 1989), the Commission has coordinated the financial assistance of G-24 and has established progressively, since 1991, a series of bilateral Agreements with the CEEC. These Agreements Include activities of different types: direct aid, technical assistance and balance of payments loans as well as EIB loans guaranteed by the Community. Regarding the latter, It Is to be noted that these countries explicitly requested these types of loans at the time of the Agreements. 2. In October 1989 the Council Invited the Bank, who agreed, to make loans to Poland and Hungary. On 12 February 1990, (1} the Council decided to provide Community budget guarantees for a three year period for loans not exceeding ECU 1 billion. 3. On 14 May 1991, the Council extended Its Invitation to the Czech and Slovak Federal Republics, Bulgaria and Romania. The Council Decision (2) set a ceiling of ECU 700 ml I

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