Three european transactions in Italy and Bulgaria to support energy efficiency and small businesses

Three different transactions are completed in two countries which benefit from the support of the european fund for strategic investments.
In Italy, the european investment bank has agreed to provide a €300 million loan to Italian company Italgas to improve the efficiency of gas distribution networks through the rollout of smart gas meters.
The european investment fund has signed two agreements in Bulgaria which will allow Raiffeisenbank to provide a total of €150 million worth of loans or leases to over 2,600 bulgarian small and medium-sized enterprises.
Commenting on the bulgarian transaction, european vice-President, responsible for jobs, growth, investment and competitiveness, said:
“Today’s agreements are excellent news for bulgarian small businesses and demonstrates the
european Commission’s determination to reach out to small businesses all over Europe.
€ 150 million is a substantial amount of money that will directly help the small businesses in need of financing, thus creating additional jobs and growth in Bulgaria.
I encourage all the small businesses to make use of this opportunity.”

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