ANNOUNCEMENT 18 Mar 2016In March 2016, the government of Italy announced a change in financial export support.
NUMBER OF INTERVENTIONS
On 18 March 2016, the Italian Eximbank SACE announced in a press release that it had signed an agreement with private bank Iccrea BancaImpresa to offer loans totalling 150 million EUR to Italian SMEs expanding abroad.
The loans will be offered by Iccrea and up to 80% of the amount may be guaranteed by SACE. The maximum amount shall be 7.5 million EUR with a duration of up to 8 years.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.