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EIB backs 800mln euros for SMEs in East Europe and W.Balkans

EU and ProCredit double support for innovative companies

15 July, 16:38
(ANSA) - BRUXELLES, 15 LUG - The European Investment Bank (Eib) and ProCredit Group are doubling their financial support providing an additional 800 million euros to innovative SMEs in eleven countries of Easter and South Eastern Europe, including the Western Balkans, EU Commission announced.

The financing is available through the ProCredit banks in Bulgaria, Germany, Greece, Romania, Albania, Bosnia and Herzegovina, Northern Macedonia, Serbia, Georgia, Moldova and Ukraine, and targets companies using new technologies and entrepreneurs with innovative ideas needing financial support.

This additional financing - supported by the European Investment Fund (Eif) - brings EU and ProCredit aid to companies in the eleven countries up to a total of €1.62 billion. (ANSA).

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