EU adopts investment plan totalling EUR 315 m

EU ministers of finances reached an agreement on European Fund for strategic investments which is considered to be an important strategy in Europe for supporting growth after long crisis and now the European Parliament should approve it.

EU will be ready to start the fund by late June or July, the commissionaire for investments, Jyrki Katainen said after ministers of finance reached agreement.

With the initial EUR 21 billion, by 2017, the fund should generate EUR 315 billion in investment loans to mild risks for private sector.