CELEX: 51990PC0384
Language: en
Date: 1990-09-10
Title: PROPOSAL FOR A COUNCIL DECISION EXTENDING TO THE CZECH AND SLOVAK FEDERAL REPUBLIC, BULGARIA AND RUMANIA THE COMMUNITY GUARANTEE TO THE EUROPEAN INVESTMENT BANK AGAINST LOSSES UNDER LOANS FOR PROJECTS IN HUNGARY AND POLAND

27. 9. 90                            Official Journal of the European Communities                           No C 242/15
             Proposal for a Council Decision extending to the Czech and Slovak Federal Republic, Bulgaria
             and Rumania the Community guarantee to the European Investment Bank against losses under
                                       loans for projects in Hungary and Poland
                                                   COM(90) 384 final
                                    (Submitted by the Commission on 3 August 1990)
                                                     (90/C 242/05)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                       infrastructure, to be carried out in the Czech and Slovak
                                                               Federal Republic, Bulgaria and Rumania,
Having regard to the Treaty establishing the European
Economic Community, and in particular Article 235              Whereas the Council has invited the Bank, and the Bank
thereof,                                                       has agreed, to make available loans for projects in the
                                                               Czech and Slovak Federal Republic and Bulgaria under
Having regard to the proposal from the Commission,             the guarantee provided in this Decision;
Having regard      to  the  opinion   of   the  European       Whereas the Council will invite the Bank to provide
Parliament,                                                    loans in Rumania when the political and economic
                                                               conditions in this country so permit,
Whereas the European Council of 28 April 1990 agreed
that action within the framework of the G-24 should be
extended to the other Central and East European                HAS DECIDED AS FOLLOWS:
countries;
                                                                                         Sole Article
Whereas the Ministers of the G-24 in their meeting on 4
July 1990 welcomed the Commission's action plan,               Decision 90/62/EEC is hereby amended as follows:
which envisages, among others, loans from the European
Investment Bank;                                               — all references to 'Hungary and Poland' are
                                                                   henceforth to 'Hungary, Poland, the Czech and
Whereas the arrangements set out in Council Decision               Slovak Federal Republic, Bulgaria and Rumania',
90/62/EEC (') for finance by the European Investment
Bank for projects in Poland and Hungary should be              — all references to 'the two countries' are henceforth to
extended to include projects, notably in the field of              'the five countries'.
O OJ No L 42, 16. 2. 1990, p. 68.