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Image header Agence Europe
Europe Daily Bulletin No. 9477
Contents Publication in full By article 22 / 27
GENERAL NEWS / (eu) eu/eib

FEMIP creates risk capital fund to invest in innovative SMEs in Lebanon

Luxembourg, 26/07/2007 (Agence Europe) - The Facility for Euro-Mediterranean Investment and Partnership (FEMIP), the European Investment Bank's facility focusing on the Euro-Mediterranean Area, has decided to invest €5 million from the European Union's budget in a new investment company, the Building Block Equity Fund. This Luxembourg-registered Beirut-based Fund will make equity investments in innovative small and medium-sized enterprises (SMEs) in Lebanon.

The driving force behind this...

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