IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 14 Jul 2016 | Removal date: open ended

State loan

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. 

AFFECTED COUNTRIES

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