Weekly digest - EU news for businesses 21/01/2019
EIB Group and BBVA will provide EUR 360 million to finance SMEs and midcaps investments projects in Spain. The European Investment Bank Group, formed by the European Investment Bank (EIB) and European Investment Fund (EIF), have granted BBVA a EUR 60 million synthetic guarantee that will be used to provide up to EUR 360 million to finance new investment projects of small Spanish businesses and midcaps.
EIB Group’s first synthetic securitisation operation in Poland supports PLN 2.1 billion of loans from Alior Bank. The agreement aims to foster support for small and medium-sized firms in all sectors of the Polish economy, providing them with loans on favourable terms that enable them to obtain funding with lower interest rates and longer repayment periods.
EU policies for better business
EU imposes safeguard measures on rice from Cambodia and Myanmar. The European Commission decided to re-introduce import duties on rice imports from Cambodia and Myanmar as of 18 January for a period of three years.
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