Signature(s)
Amount
€ 70,000,000
Countries
Sector(s)
Cyprus
: € 70,000,000
Credit lines
: € 70,000,000
Signature date(s)
13/12/2013 : € 70,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
19 July 2013
Status
Reference
Signed | 13/12/2013
20130323
Project name
Promoter - financial intermediary
CYPRUS ENTREPRENEURSHIP SCHEME FOR SMES
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
EIB loan to the Republic of Cyprus to support a national funding and guarantee scheme for SMEs
The EIB loan to the Republic of Cyprus will support a state-owned fund to be created for the financing or guaranteeing of small and medium-sized ventures carried out by eligible SMEs in various sectors of the economy, including services, tourism, energy and others. The Entrepreneurship Fund will channel the EIB funds in support of SMEs through selected banks in Cyprus on a risk-sharing basis.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Link to source
Summary sheet
News & Stories
Link to source
Other links