Austrian tourism businesses including hotels will be eligible for as much as €100 million in favourable financing as a result of a new commitment by the European Investment Bank (EIB). The EIB is lending €50 million to the Austrian Hotel and Tourism Bank, or OeHT, which will channel the credit to a range of operators and match the sum. The funds will be deployed under the Federal Commercial Tourism Promotion Scheme, which the OeHT administers on behalf of the Federal Ministry for Economic Affairs, Energy and Tourism (BMWET).
