The innovative SMEs can receive 160 million euros fundings in eight EU countries

The European Investment Fund (EIF) and the UniCredit bank signed a guarantee agreement through which innovative small and medium-sized enterprises (SMEs) and mid market capitalized companies can apply for 160 million euros (50 billion HUF) funding in eight countries, including Hungary – the European Commission announced.

The European Commission reported that under the agreement the financing aims the strengthen the competitiveness of SMEs will be carried out through the UniCredit banks. Innovative companies can use the fundings from Hungary, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Slovakia, Romania and Serbia. (MTI)