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7/19/06

European Business Guide: 200 million € to boost SMEs throughout Spain

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200 million € to boost SMEs throughout Spain

The European Investment Bank (EIB) has announced that it is to lend €200 million to La Caixa, Spain's largest savings bank, to boost productivity among the country's small and medium sized enterprises (SMEs). The support will go to SMEs investing to increase their own productivity, including investment in RDI as foreseen by the EU Lisbon Strategy to foster a knowledge-based competitive European economy. SMEs that are promoting the rational use and diversification of energy and environmental protection will also receive support.

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