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European Investment Bank and Bank of Georgia join forces to support businesses during COVID-19 crisis

08 July 2020
The European Investment Bank Group and the Bank of Georgia have signed a guarantee agreement of up to €60 million, backed by the InnovFin SME Guarantee Facility (InnovFin SMEG). InnovFin SMEG covers 50% of every loan disbursed by the Bank of Georgia and targets small and medium-sized enterprises (SMEs) and mid-caps that require investment and working capital to finance research, development and innovation activities. This operation is covered…

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