More than half of firms in Malta say they will invest less as a result of the COVID-19 pandemic, with around one-third delaying or cancelling planned investments, a European Investment Bank survey has found.
The EIB survey was carried out between May and August 2020.
It found that the most frequently mentioned long-term impact of COVID-19 on firms in Malta was the increased use of digital technologies (46%), especially within the construction and infrastructure sectors.
Those sectors also reported greater financing constraints, together with micro-companies, than other sectors.
As was the case across Europe, firms in Malta reported a dramatic increase in pessimism about the economic climate, finance availability and business prospects in their sector. Smaller firms are more pessimistic than larger firms about the availability of external finance and the regulatory climate.
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EIB and HBOR sign agreement to set up advisory services for key sectors
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EIB Group provided €530m in loans, equity and guarantees to Croatia in 2020
The EIF contributed to the local economy to the tune of €187.9 million, making 2020 a record year for the EIF in Croatia. EIB | Zagreb | Updated: 26-02-2021 17:05 IST | Created: 26-02-2021 17:05 IST
Croatian companies, start-ups, SMEs and mid-caps alike will benefit from new venture capital funds launched through EIF cooperation with HBOR. Image Credit: Flickr
The European Investment Bank Group (EIB Group) provided €530 million in loans, equity and guarantees to clients in Croatia in 2020. The two parts of the EIB Group, the European Investment Bank (EIB) and the European Investment Fund (EIF), invested €342.5 million and €187.9 million, respectively, making 2020 a record year for the EIF in Croatia.
EIB, Housing Bank join forces to support SMEs
By JT - Feb 13,2021 - Last updated at Feb 13,2021
AMMAN The European Investment Bank (EIB) is partnering with Housing Bank to support the Jordanian economy with a 100-million-euro line of credit to local private sector businesses that have been severely impacted by the economic consequences of the coronavirus outbreak.
The operation represents a coordinated effort with the European Union and forms part of Team Europe’s overall response to the COVID-19 crisis, which aims to support sustainable social and economic recovery of the region, according to a statement made available to The Jordan Times.