The Three Seas Fund, an investment vehicle initiated by the Polish state-owned development bank BGK, has collected EUR 1 billion in funds that can be used for energy and infrastructure investments in Central and Eastern Europe, the BGK CEO has told PAP.
As of Friday, local governments can apply to the state development bank BGK for financing under the government's New Deal economic recovery plan, BGK has said.
The Polish state-owned development bank BGK will negotiate an extension of all EU coronavirus relief programmes until the end of 2021, BGK CEO Beata Daszyńska-Muzyczka told a press conference on Monday.
Funds and Regional Policy Minister Malgorzata Jarosinska-Jedynak announced on Tuesday the ministry was making PLN 1.1 billion (EUR 250 million) of EU funds available in loans to ensure companies' financial liquidity.
The Three Seas Fund, designed to support regional cross-border investments in Central and Eastern Europe, will show its first viable projects in October, PAP was told by Pawel Nierada, deputy CEO of Poland's state-owned development bank BGK.
Bank Gospodarstwa Krajowego (BGK) plans to open offices in the Netherlands, the United States and in Asia. It also intends to start work on a new strategy, the bank wrote in a Tuesday press release.
Poland's state-owned development bank BGK is ready to take part in financing infrastructural investments in the Three Seas region. The value of the projects is estimated at EUR 100 bln, PAP was told by BGK CEO Beata Daszyńska-Muzyczka.
Israel’s Startup Nation Central wants to find young Polish tech firms and develop them into global companies.