ANNOUNCEMENT 06 Dec 2019

In December 2019, the European Investment Bank (EIB) signed a credit line agreement with SG Equipment Finance Czech Republic s.r.o to support small and medium-sized enterprises (SMEs), mid-cap companies and other public or private entities with a focus on Climate Action investments. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, SGEF CZ CLIMATE ACTION AND OTHER PRIORITIES II: https://www.eib.org/en/projects/loans/all/20180819
The European Investment Bank, Project summary, SGEF CZ CLIMATE ACTION AND OTHER PRIORITIES II: https://www.eib.org/en/projects/pipelines/all/20180819

Inception date: 06 Dec 2019 | Removal date: open ended

State loan

On 6 December 2019, the European Investment Bank (EIB) signed a credit line agreement with SG Equipment Finance Czech Republic s.r.o having a total approved value of EUR 250 million (approx. USD 276.5 million).

The credit line will, through SG Equipment Finance Czech Republic s.r.o, support small and medium-sized enterprises (SMEs), mid-cap companies and other public or private entities with a special focus on Climate Action investments. The supported companies and other entities will mainly be supported in the Czech Republic.

According to the EIB: "This loan will improve competitiveness and access to finance at favourable conditions for SMEs, mid-caps and other public and private entities with a special focus on climate action investments."

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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