EU funding allocations: New financing facility for SMEs in CEECs

Publisher
Series Title
Series Details No.3 June
Publication Date June 1999
ISSN 0264-7362
Content Type

EU funding allocations:

New financing facility for SMEs in CEECs. The Commission and the European Bank for Reconstruction and Development have reached an agreement to establish a €125m SME Facility for the ten central and eastern European countries. Its principal objective is to promote growth of the local small business sector, by providing access to stable finance-term loans and equity through the strengthening of local financial institutions.
Source: Press Release (Commission), IP/99/232 (19.4.99)

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