ANNOUNCED AS TEMPORARYNo
On 14 July 2016, the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) signed a credit line agreement having a total approved value of EUR 100 million (approx. USD 112.9 million). A number of tranches were signed under the credit line facility.
The credit line will, through the ICO, support certain projects carried out by small and medium-sized enterprises (SMEs) and mid-cap companies located in Austria or the regions adjacent to Lake Constance both in Austria and Germany.
According to the EIB: "The operation will improve access to term finance at favourable conditions via the financing of projects carried out primarily by SMEs and mid-caps."
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.
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