The Council of Europe Development Bank (CEB) has approved nine new loans worth €878 million for social projects across Europe. The funding will support refugee housing, healthcare facilities, education programs, and small business financing, according to a press release. About €300 million will help Ukrainian refugees integrate into host countries across Europe.
The loans target different needs in each of the nine beneficiary-countries. Germany gets €125 million to build more refugee housing, while Poland receives €175 million to continue aid for Ukrainian families. Turkey will use €230 million to make two major Istanbul hospitals earthquake-resistant.
Several countries will boost their small business sectors with the new funding. Romania gets €150 million for small company investments, the Czech Republic receives €150 million for business financing, and Bosnia and Herzegovina gets €5 million for micro-enterprises run mostly by women. Georgia will use €8 million to help rural farmers and small business owners access credit. Spain receives €15 million to train more healthcare workers, while North Macedonia gets €20 million to build sports facilities in 30 schools.
The bank focuses on helping vulnerable people through social projects like housing, healthcare, and education. This round of loans continues the CEB’s work supporting displaced Ukrainians and rebuilding after conflicts and disasters.
