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Tuesday, March 6, 2018

EU support for small businesses in the Baltic countries

Employment, Social Affairs, Economy - Finances,-,

News The European Investment Fund (EIF) and Swedbank have signed a microfinance agreement aimed at supporting micro-businesses in Estonia, Latvia and Lithuania under the EU Programme for Employment and Social Innovation (EaSI).

Thanks to the financial backing of the European Commission, the European Investment Fund is providing a guarantee which will enable Swedbank Baltic to provide up to 123 million euro financing to microbusinesses in Baltic countries over the next three years. The deal also benefits from the support of the European Fund for Strategic Investments (EFSI), the core element of the Investment Plan for Europe.

Source :  Salle de presse - Commission européenne


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