access time2020-12-22 11:26:44
Team Europe: EIB and ProCredit to support
faster recovery of Georgia`s SMEs from the COVID-19 crisis with â¬10 million
The EU bank and ProCredit create
a â¬10 million credit line for the recovery of SMEs from the COVID-19 pandemic
in Georgia.
EIB and ProCredit Group agree on
similar credit lines in Ukraine (â¬25 million) and Moldova (â¬20 million),
bringing the total support to companies to â¬55 million
The operation is part of the Team
Europeâs COVID-19 emergency response to help sustain jobs, maintain liquidity
and operations, and fuel the economic recovery of the EU partner countries
The European Investment Bank, the lending arm of the European Union, will provide â¬10 million to the ProCredit Group to offer a new credit line for small and medium enterprises (SMEs) in Georgia and support their faster recovery from the COVID-19 pandemic. The credit line can be made available in multiple currencies, incl