The European Investment Bank (EIB) is lending €170m for the construction of a paper mill in Opatovice (Pardubice Region, Eastern Bohemia). The new mill will meet the increasing demand on European markets for paper for newsprint and magazines and will have an annual capacity of 400,000 tonnes. The new company, called Labe Papir, will create some 150-200 new permanent jobs directly and another 700-900 employment opportunities indirectly mostly in maintenance, wood sourcing, logistics and other services.