Small and medium-sized enterprises (SMEs) in seven countries in South-eastern Europe – Albania, Bosnia and Herzegovina, Bulgaria, The Former Yugoslav Republic of Macedonia, Moldova, Romania and Serbia – will get easier access to risk capital. This is thanks to the InnovFin SME guarantee, a new EU-backed loan facility under the Horizon 2020 programme. A deal signed on 28 January 2016 by European Investment Fund (EIF) with the German ProCredit group will allow its banks to enter into new loan agreements with SMEs as well as Small Mid-caps for a total of €250 million over the next two years.
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