At the end of the year the Government has appointed the SID Bank, manager of the ESIF Fund, which will have an allocation of 253 million euro from the European cohesion funds. The aim of the new fund is to promote and finance sustainable growth and economic development, investment in innovation and current management with equity and debt financing mainly in four areas: research, development and innovation, small and medium-sized enterprises, energy efficiency and urban development. Within the fund of funds, the SID Bank will offer, through financial intermediaries, mainly commercial banks and public funds, new financial products to Slovenian companies and municipalities. The new instruments will contribute to the achievement of the objectives of the operational program for the implementation of the European Cohesion Policy for the period 2014-2020. The funds will be available to final recipients from the second half of the year, once the procedures and management mechanisms will be established.

(ITALPRESS/MNA).

Source: medNews