"Turkey and the EU need to sustain economic growth with more jobs and greater social cohesion.
30/07/2010 Nusret ÖZGÜL
EIB provides EUR 150 million innovative recovery support loan to SMEs in Turkey
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey. The two EIB loans of EUR 75 million each went to Akbank and Halk Bank. They consist of a combination of EIB funds (80%) and European Union grants (20%) for onlending concessional financing to smaller Turkish companies. The loans reflect the common goal of the EIB and the EU to support these companies as part of an integrated European response in favour of Turkish SMEs whose funding prospects have become more vulnerable given the impact of the global economic crisis. The financing is put in place in cooperation with the Turkish Treasury."
More:Turkey and the EU need to sustain economic growth with more jobs and greater social cohesion. « Yerelce