Investment Plan for Europe: new EFSI deals in Latvia, Spain and France

The European Investment Fund has signed a new SME financing agreement in Latvia with Altum. The European Investment Bank has also signeda new project in Spain with Bankia to improve their digital services to clients, as well as a deal with DAHER in France to finance innovation and technological advancement in the aeronautics industry. These agreements and projects are backed by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, which allowed them to happen sooner than without the EFSI support. Speaking about the agreement with Altum in Latvia,Vice-President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said: “This is a step forward in making finance more accessible for innovative projects in Latvia’s small and medium-sized enterprises. It is also a sign that the EFSI is improving the geographic distribution of its supported projects. I hope that the distribution can be further enhanced also for larger strategic investment projects.”