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Tag: businesses

Investment Plan in Spain: European Investment Bank and Banco Sabadell join forces to provide €576 million in loans to small businesses

The European Investment Bank is providing Spanish bank Banco Sabadell with a €96 million guarantee, allowing it to lend €576 million to SMEs and mid-cap companies in Spain. This financing agreement will benefit around 1,400 companies, which employ some 79,000 people. In addition, part of the loans must go to ‘green’ projects such as energy […]

State aid: EU Commission approves €184 million Czech rent compensation scheme to support businesses affected by the coronavirus outbreak

The European Commission approved a CZK 5 billion (approximately €184 million) Czech scheme to support retail businesses and service companies renting premises, which were limited or forbidden to carry out their activities due to the measures imposed by the government in the context of the coronavirus outbreak. The scheme was approved under the State aid […]

Coronavirus Response: EU Launch of dialogue with financial sector representatives to support citizens and businesses

The European Commission has today launched its first roundtable meeting with the European financial sector, including consumer and business representatives, to explore how it can develop best practices to support EU citizens and businesses. As announced in the Commission’s Banking Package on 28 April 2020, this meeting marks the beginning of a dialogue with the […]

Remarks by Executive Vice-President Dombrovskis at the press conference on the Commission banking package to facilitate lending to households and businesses in the EU

“Check against delivery” We are dealing with an unprecedented crisis. Our immediate priority is to save lives and protect livelihoods. The EU and its Member States are doing everything possible to support people and companies. Besides the European Central Bank, we have collectively mobilised about €3.4 trillion. This is equivalent to almost 25% of the […]

Coronavirus Response: EU Commission adopts banking package to facilitate lending to households and businesses in the EU

The Commission has today adopted a banking package to help facilitate bank lending to households and businesses throughout the European Union. The aim of this package is to ensure that banks can continue to lend money to support the economy and help mitigate the significant economic impact of the Coronavirus. It includes an Interpretative Communication […]

Coronavirus: Commission and European Investment Fund unlock €8 billion in finance for 100,000 small and medium-sized businesses

The European Commission has unlocked €1 billion from the European Fund for Strategic Investments that will serve as a guarantee to the European Investment Fund (EIF). This will allow the EIF to issue special guarantees to incentivise banks and other lenders to provide liquidity to at least 100,000 European SMEs and small mid-cap companies hit […]