Brussels, 16/12/2013 (Agence Europe) - On 13 December, the European Investment Bank (EIB) decided to introduce two innovative financing tools for small and medium-sized companies (SMEs) in Cyprus.
A €50 million first contract under the Trade Finance Facility was signed. The Facility is geared to supporting foreign trade activities of Cypriot SMEs and mid-caps. Under this instrument, the EIB offers guarantees to foreign banks providing trade finance to Cypriot SMEs and mid-caps. By...