EIF, Raiffeisen Leasing Bulgaria sign 40 mln euro guarantee deal to back SME investment Deal, business, corporate contracts
SOFIA (Bulgaria), December 29 (SeeNews) - The European Investment Fund (EIF) said on Tuesday that it signed an additional 40 million euro ($49 million euro) guarantee agreement with Raiffeisen Leasing Bulgaria to support local small and medium-sized enterprises (SMEs).
The financing is provided under the Competitiveness of Small and Medium-sized Enterprises (COSME) programme, launched by the European Commission, and the European Fund for Strategic Investments (EFSI), the EIF said in a statement.
The additional guarantee agreement will benefit Bulgarian SMEs that need support in order to implement their investments in the purchase or replacement of fixed assets through leasing financing, the EIF explained.
European Investment Bank issued the following announcement on Dec. 8.
The European Investment Bank (EIB) will provide â¬15 million of growth funding to the German identity verification platform IDnow. IDnow is an expert in secure, remote auto and video identification and electronic signature services. This enables companies to acquire customers and manage transactions faster and easier, while complying with know your customer (KYC) and anti-money laundering (AML) regulations. The investment will primarily support IDnowâs research and development (R&D) activities as well as its international growth.
This operation is part of the European Growth Finance Facility (EGFF), a product under the guarantee scheme of the European Fund for Strategic Investments (EFSI). The EGFF is designed to address quasi-equity gaps linked to structural market failures across the European Union in the provision of adequate risk capital to late-stage, venture-backed companies. Such European small an
A major new investment in a technical university cements the reputation of the Romanian city of Cluj as a hotbed of talent, innovation and technology.
The Transylvanian city of Cluj, which earlier this year became the first in emerging Europe to make it to the final stage of the European Capital of Innovation Award, has for some time been viewed as Romania’s leading hub of technology and innovation.
In a nod to this success, and with a view to building on it, the city’s Technical University, UTCN, last week received a loan worth 21 million euros from the European Investment Bank (EIB). The loan is the first granted under the EIB’s 100 million euros Romania Higher Education Programme and is guaranteed by the European Fund for Strategic Investments, the core of the Investment Plan for Europe – also known as the Juncker Plan after its chief architect, former European Commission President Jean-Claude Juncker.
News & Politics
December 22, 2020
Poland has 58 approved projects under the European Fund for Strategic Investments, the finance minister said on Tuesday.
The fund is a central pillar of the Investment Plan for Europe, sometimes called the Juncker Plan, which focuses on strengthening European investments to create jobs and growth. In terms of the number of projects approved by the European Fund for Strategic Investments (EFSI) we are fourth in the European Union, said Tadeusz Koscinski.
According to the Finance Ministry, the value of investments in Poland supported by the Juncker Plan may reach PLN 80 billion (EUR 17.75 billion) with the EFSI contribution reaching PLN 20 billion (EUR 4.4 billion).
Geothermal heating in the Netherlands supported by new EUR 50m EIB loan thinkgeoenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkgeoenergy.com Daily Mail and Mail on Sunday newspapers.