COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 6.09.1995 
COM(95)390 final 
REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN PARLIAMENT 
on the rate of utilisation of FJB loans for projects in central and eastern European countries 
(Poland, Hungary, the Czech Republic, the Slovak Republic, Romania, Bulgaria, Latvia, 
Estonia, Lithuania and Albania) 
(from 15.3.93 to 31 12.94) 

REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN PARLIAMENT 
on the rate of utilisation of EIB loans for projects in central and eastern European countries 
(Poland, Hungary, the Czech Republic, the Slovak Republic, Romania, Bulgaria, Latvia, 
Estonia, Lithuania and Albania) 
(from 15.3.93 to 31.12.94) 
1. Introduction. 
The Council Decision 93/696/EC of 13 December 1993 (OJ L 321 of 23.12.93) grants in foil 
the Community guarantee to the European Investment Bank against losses under loans for 
projects in central and eastern Europe for a maximum loan ceiling of ECU 3000m over an 
indicative three-year period. The loan guarantee ceiling includes the provisions adopted in 
respect of investments in Estonia, Latvia and Lithuania in the Council Decision 93/166/EC ot 
15 March 1993. 
Both Council decisions require the Commission to draw up a six monthly report on the 
situation regarding loans signed under the guarantee. The present report, first in the series, is 
intended to meet this requirement. Exceptionally, the report covers the period from 15 March 
1993 to 31 December 1994. 
2. EIB lending at 31 December 1994 under Council decisions 93/166/EC and 93/696/EC. 
2 1 At 31 December 1993, the Bank had signed only one operation for ECU 5m concerning a 
global loan in Estonia. The loan was signed on the basis of Council Decision 
93/166/EC. 
2 2 In 1994 total loan signatures added up to ECU 916m. Of these, one operation for ECU 
5m was signed during the first half of the year on the basis of Council Decision 
93/166/EC. The operation concerned a global loan to the Investment Bank in Latvia tor 
on-lending to SMEs. 
The remainder, ECU 911m, was signed during the second half of 1994 on the basis of 
Council Decision 93/696/EC. 
A list of the operations signed during 1994 is given in the table below. 
In all, at 31 December 1994, total loan signatures under both decisions amounted to ECU 
921m 
CENTRAL AND EASTERN EUROPE 
Operations signed in 1994 on the basis of the Council Decisions of 15 March 1993 (93/166/EC) * and 13 December 1993 (93/696/EC) 
t» COUNTRY 
Poland 
Hungary 
Estonia 
Latvia 
Lithuania 
Romania 
Bulgaria 
Czech Rep. 
Slovak Rep. 
Total PROJÊCTKÂMÊ 
EXPORT DEVELOPMENT BANK 
Global loan U - tranche A 
POLISH TELECOMMUNICATIONS 
HIGHWAYS 
WARSAW SEWAGE TREATMENT PLANT 
TELECOMMUNICATIONS H 
MUNICIPAL INFRASTRUCTURE 
Global loan 
DISTRICT HEATING REHABILITATION 
PORT OF MUUGA BULK TERMINAL 
AIR TRAFFIC SERVICES 
INVESTMENT BANK OF LATVIA 
Global loan 1 
UPGRADING OF VILNIUS AIRPORT 
ROMG.AZ REHABILITATION & 
MODERNISATION 
AIR TRAFFIC SERVICES - B 
AIR TRAFFIC SERVICES 
TELECOMMUNICATIONS 
RAIL CORRIDOR BERLIN - VIENNA 
MERO-IKL OIL PIPELINE 
TELECOMMUNICATIONS I B 
AIR TRAFFIC SERVICES DATE OF 
08.12.94 
08.12.94 
15.12.94 
14.12.94 
05.12.94 
07.12.94 
01.08.94 
09.12.94 
09.12.94 
19.04.94 
23.09.94 
13.12.94 
13.12.94 
02.10.94 
15.09.94 
14.12.94 
14.12.94 
05.09.94 
05.09.94 ÀMOCNT SIGNED 
13.00 
150,00 
125,00 
45,00 
100,00 
40.00 
7,00 
15.00 
20,00 
5,00 
10.00 
50,00 
16,00 
30.00 
30,00 
125,00 
100,00 
20,00 
15.00 
916,00 D£$CRirrK>K 
Line of credit for financing small and medium-sized enterprises 
Expansion of existing network 
Upgrading to motorway standards of the A4 highway between Blelany 
and Nogawczyce 
Construction of a new sewage treatment plant 
Expansion and modernisation of the telecommunications network 
Financing municipal projects through OTK Bank 
Rehabilitation of the district heating system in Pârnu 
Construction of a dry bulk terminal at the deep-sea port of Muuga 
Upgrading of the air traffic services system 
For financing SMEs in industry, tourism and related services, and 
environmental protection and energy-saving projects 
Upgrading of Vilnius International Airport 
Rehabilitation and modernisation of the natural gas transmission and 
distribution system 
Modernisation and upgrading of air control facilities 
Modernisation and upgrading of air control facilities 
Modernisation and expansion of existing network 
Upgrading of the Czech section of the Berlin-Prague-Vienna railway line 
Construction of an oil pipeline linking the TAL at Ingolstadt (Germany) 
and the Druzhba pipeline (from Russia) at Kralupy (Czech Rep.) 
Modernisation and expansion of the existing network 
Modernisation of air traffic control infrastructure 
The Investment Bank of Latvia Global Loan (5m ECU) was the only loan signed in 1994 on the basis of Decision 93/166/EC. 

ISSN 0254-1475 
COM(95) 390 final 
DOCUMENTS 
EN 11 
Catalogue number : CB-CO-95-415-EN-C 
ISBN 92-77-92371-7 
Office for Official Publications of the European Communities 
L-2985 Luxembourg