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EIB plans to lend EUR 30 mln to back COVID recovery of Slovenian SMEs

EU

The European Investment Bank plans to provide EUR 30 million loan to the Slovenian Regional Development Fund (SRDF) to accelerate the COVID-19 recovery of Slovenian small and medium companies (SMEs), mid-caps and municipalities, it said on Wednesday.

The financing will contribute to creating a new credit line to be available to companies operating in the agriculture, manufacturing and services sectors of the local economy, among the hardest hit by the pandemic, the EIB said in a statement.

The credit line will support Slovenian companies by providing flexible financing for working capital, additional liquidity needs, or ongoing and new investments and expansion plans. The funding will allow the companies to protect jobs and continue to fuel Slovenian economic and social growth, it said. 

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