EIB secondment program for public and private sector professionals from EP

Published in Economics
Monday, 08 August 2016 16:58
The European Investment Bank (EIB) has announced the launch of the Eastern Partnership Secondment Programme for professionals from both the public and private sectors. Set up with the support of the EIB’s Eastern Partnership Trust Fund (EPTATF), the Programme is only open to nationals of five Eastern Partnership countries (Armenia, Azerbaijan, Georgia, Moldova and Ukraine) that have entered into a Framework Agreement with the EIB. Professionals from these countries who work in Ministries, Central Banks, other public sector organisations or private sector entities are invited to apply.
According to the EIB, the Secondment of Candidates must be supported by their employer. The Programme is designed to offer successful candidates and their organisations an opportunity to gain relevant work experience in the EIB.  Only candidates supported by their employer will be considered.

Georgia: EIB approves first tranche of loans to SMEs

Published in Economics
Monday, 30 May 2016 16:59

The Georgian private sector will soon be able to benefit from lending recently approved by the European Investment Bank (EIB). The EIB loan will be used to provide access to finance for investment and working capital needs for small and medium-sized enterprises (SMEs) and midcaps, particularly in the areas of trade and commerce. This opportunity is highly relevant in the context of the EU-Georgia Association Agreement, which includes a Deep and Comprehensive Free Trade Agreement (AA/DCFTA), the EIB said on 27 May.
The EIB will be lending EUR 22.5 million – the first tranche of an approved loan of EUR 45 million – to a Georgia-based bank to finance SMEs and midcaps.
According to the EIB, its total lending commitments in Georgia amount to some EUR 820 million, including projects supporting urban reconstruction following last year’s devastating floods and for improving the country’s critical infrastructure. The EU Bank has also financed projects in Georgia in the transport, water and energy sectors. (EU Neighbourhood Info)

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