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    Référence: 20200380
    Date de publication: 18 juin 2020

    Promoteur – Intermédiaire Financier

    MINISTRY OF FINANCE - REPUBLIC OF CYPRUS

    Lieu

    Description

    The project consists in a loan to the Republic of Cyprus supporting new investment needs of SMEs and midcaps, meeting the challenges due to the COVID-19 crisis.

    Objectifs

    The aim is to improve competitiveness and access to finance at favourable conditions for SMEs and midcaps in Cyprus. The EIB loan to the Republic of Cyprus will support the Cyprus Entrepreneurship Fund (CYPEF), a state-owned fund for the financing of enterprises carried out by eligible SMEs and, potentially, midcaps in various sectors of the economy, including services, tourism, energy and others. CYPEF will channel the EIB funds through selected banks in Cyprus on a risk-sharing basis.

    Secteur(s)

    Montant BEI envisagé (montant approximatif)

    EUR 200 million

    Coût total (montant approximatif)

    not applicable

    Aspects environnementaux

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Passation des marchés

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Statut

    Signé - 18/03/2021

    Mots-clés correspondants

    Chypre Lignes de crédit