European Investment Bank

Athens could have a new metro line running from Goudi to Galatsi via the city center by 2023, it was revealed Thursday as the government said it would launch a tender for the 1.2-billion-euro project in the fall of 2015.

Works on the creation of a Line Four for the Athens Metro are to begin at the end of 2015, Transport and Infrastructure Works Minister Michalis Chrysochoidis said on Thursday, noting that the new line will have 14 stations rather than nine as had been initially announced.

The motorway section from Kalotina to road junction Hrabarsko may be completed in 3 years, according to Lazar Lazarov, Chair of the Management Board of Bulgaria's Road Infrastructure Agency.

Lazarov, as cited by Monitor daily, explained that the 32-kilometer-long motorway section covered almost fully the motorway section from Sofia to the Bulgaria-Serbia border.

Greece has signed five finance agreements totalling 815 million euros with the European Investment Bank (EIB) ranging from highway projects to the Thessaloniki metro.

“With this strong shot we continue our support for growth and jobs in Greece,” said EIB President Werner Hoyer at a signing ceremony in Athens on Thursday.

Bulgaria's interim Deputy Prime Minister Ekaterina Zaharieva has announced the Finance Ministry is negotiating on a new loan from the European Investment Bank.

The EUR 800 M would be earmarked for ongoing infrastructure projects.

The Greek government Tuesday took its case for lower taxes to Germany, where Development Minister Nikos Dendias met German Finance Minister Wolfgang Schaeuble and Economic Affairs and Energy Minister Sigmar Gabriel.

Greece will aim to clinch a deal with the European Investment Bank regarding funding for a fourth metro line in Athens when officials from the Luxembourg-based long-term lending institution visit the city in September, Kathimerini has learned.

Sofia Mayor Yordanka Fandakova has said that the five main buildings of the waste processing plant in Sofia are to be built by end-November.

Fandakova pointed out in a Tuesday interview that the plant was to become functional in the autumn of 2015.

She noted that the plant was to process 410 000 tonnes of waste a year, according to reports of the Bulgarian National Radio.

There is a culture of household borrowing that was of unseen and unheard dimensions before 2003. Banks give a third of their credit to individuals Turkey, with its state, corporations and individuals, has rapidly learned how to borrow in recent years - something it had previously been avoiding as a culture.

ZAJECAR - Serbia’s Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said Friday that the following two to three years would see around EUR 400 million invested in rehabilitation of roads in almost all regions of Serbia.