Italy: EUR 40 million to Avio under “Italian risk sharing initiative”
6 October 2017
The EIB will provide EUR 40 million to the Italian Avio aimed to support the development of new products and technologies related to space propulsion systems through Research and Development activities as well as the modernization and the expansion of the production capacity at the facilities in Colleferro (Rome), the main company’s industrial site in Italy. This is the first EIB loan for a listed company under the “Italian risk sharing initiative” umbrella, the joint initiative of the EIB, the Ministry of Economic Development and the Italian Ministry of Economy, which aims to support investments in innovative projects promoted by small and medium-sized enterprises.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.