The EIF country fact-sheet provides a general overview of EIF guarantee & securitisation and microfinance activities in Cyprus, including support to SMEs through EU structural funds through the JEREMIE initiative. Read here about EIF activities in other countries .
The European Investment Fund (EIF) is working with the University of Cyprus to launch a new pilot scheme, allowing students to defer tuition fees and student accommodation rent payments accrued during the study period. This agreement will support students resident in any of the 32 other Erasmus+ ...
Some people would argue that if there’s one useful thing we can teach our kids in this fast-changing world, it’s to think creatively outside the box. Engino is a company whose products strive to develop such creative thinking. Based in Limassol, Cyprus, Engino was founded by Costas Sisamos, who i...
The Joint European Resources for Micro to Medium Enterprises initiative, known as JEREMIE, is a joint initiative of the European Commission with the EIB Group, namely, European Investment Fund (EIF) and European Investment Bank (EIB), to promote Small and Medium-sized Enterprises’ (SME) access to...
The EIF has today signed two guarantee agreements with the Bank of Cyprus, allowing the bank to provide up to EUR 50 million of new loans to Cypriot Micro and Small enterprises (“MSEs”), of which EUR 35 million will support enterprises in their start-up or newly established phase, i.e. with up to...
On the occasion of a visit to Nicosia by the European Investment Fund (EIF) Secretary General, Mr Robert Wagener, Cypriot banks and other financial organisations had the opportunity to attend presentations on the EIF's activity, notably in light of Cyprus's forthcoming accession to the EU. In his...
The Joint European Resources for Micro to Medium Enterprises initiative, known as JEREMIE, is a joint initiative of the European Commission with the European Investment Bank (EIB) Group, represented by the EIF, to promote access to finance for SMEs through tailor-made financial engineering produc...
The European Investment Fund and the Bank of Cyprus signed today a EUR 20 million SME financing agreement under the JEREMIE initiative in Cyprus. This new financing facility aims to support Micro and Small enterprises with loans up to EUR 100 000, co-financed equally by the European Investment Fu...
The EIF and the Cooperative Central Bank today signed a EUR 8 million loan agreement aimed at supporting micro-enterprises in Cyprus. This senior loan agreement will allow the Cooperative Central Bank through its network of Co-operative Credit Societies to provide enhanced a...
Call for Expressions of Interest ("EoI") to select Financial Intermediaries that will receive resources from the European Investment Fund acting through the JEREMIE Trust for Cyprus to implement the Funded Risk Sharing Financial Instrument Reference number: Call for EoI No. JER-008/2010/1 Intro...
Reference number: Call for EoI No. JER-008/2010/2
The JEREMIE initiative is a framework providing a series of coherent actions to promote increased access to finance for micro, small and medium-sized enterprises.The JEREMIE initiative in Cyprus is organised through the European Investment Fund ...
Reference number: Call for EoI No. JER-008/2010/2
The JEREMIE initiative is a framework providing a series of coherent actions to promote increased access to finance for micro, small and medium-sized enterprises.The JEREMIE initiative in Cyprus is organised through the European Investment Fund ...
Ref.: Call for Expression of Interest JER-008/2010/1 (launched on 25 February 2010, closed on 12 April 2010) Additional Funds to be allocated and change in a transaction term. Download the full note: PDF | Word Please note that the European Investment Fund (“ EIF ”) intends to allocate to the ...
“Cyprus felt like home, it was an amazing experience,” says Haris Karathymios, Erasmus+ Master student at the University of Cyprus. “The University is well organised and works perfectly. Everyone was very hospitable. As for the M.Sc. programme, it offered an up-to-date curriculum, which is releva...
EIF’s expertise in partnering with national institutions is firmly established and forms a central part of its strategic development and regional business focus. EIF is advising, sponsoring or managing a number of equity Funds-of-Funds and guarantee / debt funds on behalf of third party investors...
“It was a beautiful old mansion right in the middle of the old town of Limassol, and it had actually been abandoned and empty for around 30 years” explains Natali Martini, Director of LMNP City Hotels. “It has a lot of sentimental value for us, as it’s been in the family since the 1800s and was a...
Ministers of Finance and Transport, Communications and Works welcome EIB and EIF support for priority investment
EIB President and EIF Chief Executive visit Nicosia during three-day regional tour
€112 million backing for priority road development & safety investment and road safety cameras
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Ancoria Bank and the European Investment Fund (EIF) on behalf of the Cyprus Entrepreneurship Fund (CYPEF) have signed a portfolio risk sharing loan agreement of EUR 20 million to support small and medium-sized enterprises (SMEs) in Cyprus. The agreement aims to improve access to finance for Cypr...
For over 25 years now, New York Sweets has been a pioneer in the pastry industry in Cyprus, specializing in the art of creating sweets with exceptional quality and design, for a quick sugar-boost or a special occasion. From its origins in 1986 as a small ‘laboratory’ and store, New York Sweets ha...
“I was very interested in archaeology and decided to pursue my studies in this field. The main focus of my degree was prehistory and historical regions like the Levant, Mesopotamia, Syria and Anatolia...” Driven by his passion for archaeology, travelling and languages, Filip Hájek graduated in ‘P...
“Two years ago, after finishing my studies and military service I was on the lookout for the next step in my career. I searched a lot and finally found my way with a MBA,” says Nikos Koikas, who was born and raised in Ilioupoli, southeast of Athens. He graduated in Marketing from the Technical Ed...
The Cyprus Entrepreneurship Fund (CYPEF) Portfolio Risk Sharing Loan (PRSL) CALL FOR EXPRESSION OF INTEREST TO SELECT FINANCIAL INTERMEDIARIES UNDER THE PRSL The objective of this Call for Expression of Interest, launched by the European Investment Fund (EIF), is to select eligible financial in...
The European Investment Fund (EIF) and RCB Bank (RCB) have signed the first EFSI agreement in Cyprus, which will provide EUR 10 million to innovative small and medium-sized enterprises (SMEs). This agreement benefits from the support of the European Fund for Strategic Investments (EFSI), the hear...
“When you’re dealing with people’s lives, you want to be able to offer the best services possible” says Dr. Andreas Kotziamanis, who runs Kotziamanis Diagnostics in Limassol, Cyprus, alongside his daughter Natasa. “It’s very much a family business. My daughter has specialised in breast cancer and...
Clarifications on the Call for Expressions of Interest No. JER-008/2010/1 to select Financial Intermediaries that will receive resources from the European Investment Fund, acting through the JEREMIE Trust for Cyprus, to implement the Funded Risk Sharing Financial Instrument Reference number: C...
‘Ta Helonakia’ is Greek for “little turtles”. It is an indoor swimming pool facility that caters for children aged under-8, parents and pregnant mums. Ta Helonakia offers baby-swimming with experienced coaches, workshops for kids and children’s parties. At the same time, it caters also for the ad...
The EIF and Banca Transilvania have signed a EUR 7.5 million loan agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in Romania. This transaction was signed under the European Progress Microfinance Facility (Progress Microfinance) , funded by the European Commission a...
Handiscover is the first community-based holiday accommodation-booking website dedicated to people with physical disabilities. At the core of Handiscover lies a unique classification system, which allows users to select accommodations based on their level of physical disability. The idea to creat...
EIF Chief Executive Richard Pelly said " This agreement demonstrates our commitment to provide support for the competitiveness and growth of the Bulgarian economy. We are proud to be using the new Holding Fund to share risks with a number of Bulgarian Financial Intermediaries who are providing ...
The European Investment Fund (EIF) and Banca Transilvania today signed a guarantee loan agreement aimed at supporting over 2,000 micro-enterprises in Romania. This agreement will allow Banca Transilvania to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepre...
The European Investment Fund (EIF) and Carion Finanszírozási Centrum Zrt. (CFC) have signed a loan agreement aimed at supporting over 100 micro-enterprises in Hungary. Progress Microfinance is initiated and funded by the European Commission and managed by the European Investment Fund. This agreem...
Download the Italian version [pdf] The European Investment Fund (EIF) and COFITER have signed an agreement under the Progress Microfinance initiative aimed at further supporting micro-enterprises, addressing in particular disadvantaged people who are often excluded from the banking system. Progr...
“The olive orchards are literally just above the site of ancient Olympia,” says Manolis Zacharioudakis, founder and CEO of Ellive, a company that he set up with his sisters in early 2020, just as the COVID-19 pandemic hit. “We had been working on the project for a couple of years, to trade in oli...
The European Investment Fund has in principle chosen AB SEB Bankas, AB DnB NORD Bankas and AB Siauliu Bankas to manage a newly created Funded Risk Sharing Instrument dedicated to providing loans for Lithuanian SMEs. AB SEB Bankas will receive up to EUR 75 million, AB DnB NORD Bankas up to EUR 25 ...
Swedbank will receive up to EUR 22 million from the Latvian JEREMIE Holding Fund. The selected bank will contribute to the implementation of the instrument providing the same amount from their own resources. SMEs will have better access to credit resources for the next two years and this instrume...
Lithuanian version Lithuanian SMEs will benefit from EUR 16.8 million of new investments The European Investment Fund (EIF) today announced the launch of more than EUR 8.4 million into Business Angels Fund I ("the Fund") together with UAB MES Invest and its shareholders and Fund managers. The...
The EIF and SKB Leasing, Slovenia have signed a EUR 9 million loan agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in Slovenia. This transaction was signed under the European Progress Microfinance Facility (Progress Microfinance), funded by the European Commission ...
Read the Italian version The European Investment Fund (EIF) and Finmolise , the financial company of the Southern Italian Region of Molise, have signed an agreement that will provide
EUR 2 million of micro-loans to local micro-businesses aiming at supporting social inclusion and contributing to ...
The European Investment Fund and Banco Espírito Santo have signed a EUR 8.75 million loan agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in Portugal. This transaction was signed under the European Progress Microfinance Facility (Progress Microfinance), funded by t...
The European Investment Fund and Colonya Caixa d’Estalvis de Pollença (Colonya) have signed a guarantee agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in Spain. This transaction was signed under the European Progress Microfinance Facility (Progress Microfinance) g...
The EIF and Fair Finance have signed a guarantee agreement aimed at supporting micro-enterprises and young entrepreneurs in London. This transaction was signed under the European Progress Microfinance Facility (Progress Microfinance), funded by the European Commission and the European Investment ...
The EIF and Banka Koper today signed a guarantee agreement aimed at supporting over 500 micro-enterprises in Slovenia.This agreement will allow Banka Koper to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepreneurs in Slovenia, many of whom face difficultie...
Italian version The European Investment Fund (EIF) and Emil Banca, a small cooperative bank forming part of the nationwide ICCREA network of cooperative banks, have signed a EUR 2 million loan agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in the Emilia Romagna Re...
The European Investment Fund (EIF) and two subsidiaries of Sberbank Europe AG have signed two loan agreements aimed at supporting up to 2,000 micro-enterprises in Croatia and Slovakia. Progress Microfinance is initiated and funded by the European Commission and managed by the European Investment ...
The European Investment Fund (EIF) and Foundation Pinnae today signed a guarantee agreement aimed at supporting over 350 micro-enterprises in Spain. This agreement will allow Foundation Pinnae to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepreneurs in Sp...
The European Investment Fund (EIF) and Almi Företagspartner AB (Almi) have signed a guarantee agreement aimed at supporting around 230 micro-enterprises within a year in five counties in Sweden. This agreement will allow Almi to provide enhanced access to finance to entrepreneurs in Sweden, espec...
The European Investment Fund (EIF) and EZBOB today signed a guarantee agreement aimed at supporting over 1,000 micro-enterprises in the UK. This agreement with the first internet microfinance lender under Progress Microfinance will allow EZBOB to provide enhanced access to finance to micro-entrep...
Download the Italian version The European Investment Fund (EIF) and Banca Popolare di Milano (BPM) have signed an agreement under the Progress Microfinance initiative aimed at further supporting micro-enterprises, addressing in particular those people who face difficulties in accessing the tradit...
The European Investment Fund and Vaekstfonden – the Danish Growth Fund – have signed two guarantee agreements aimed at supporting Small and Medium-sized Enterprises (SMEs) and micro-enterprises in Denmark. The first agreement is a direct guarantee under the Competitiveness and Innovation Programm...
The European Investment Fund (EIF) and Vitas IFN Romania have signed a loan agreement aimed at supporting over 250 micro-enterprises in Romania. This agreement will allow Vitas to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepreneurs in western and centra...
The European Investment Fund (EIF) and Libra Internet Bank have signed a guarantee agreement aimed at supporting over 400 micro-enterprises in Romania. This agreement will allow Libra Internet Bank to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepreneurs ...
The European Investment Fund (EIF) and Millennium bcp (Banco Comercial Português, S.A.) have signed a loan agreement aimed at supporting over 800 micro-enterprises in Portugal. This agreement will allow Millennium bcp to provide enhanced access to finance to entrepreneurs in Portugal, especially ...
The European Investment Fund (EIF) and Zagrebačka banka (Zaba) have signed a guarantee agreement aimed at supporting micro-enterprises in Croatia. This agreement will allow Zagrebačka banka to provide enhanced access to finance to entrepreneurs in Croatia, especially those who face difficulties i...
The European Investment Fund and OTP Banka Slovensko have signed a guarantee agreement aimed at supporting micro-enterprises and young entrepreneurs in Slovakia. This transaction was signed under the guarantee part of the European Progress Microfinance Facility (Progress Microfinance), initiated ...
The European Investment Fund (EIF) and Ustoi JSC have signed a senior loan agreement aimed at supporting more than 500 micro-enterprises in Bulgaria PV. by providing more than 500 loans under EPMF for the period of 2 years. This agreement will allow Ustoi JSC to provide enhanced access to finance...
The European Investment Fund (EIF) and LABORAL Kutxa have signed a guarantee agreement aimed at supporting over 1,600 micro-enterprises in Spain. This agreement will allow LABORAL Kutxa to provide enhanced access to finance to micro-entrepreneurs, in particular to young entrepreneurs in Spain, ma...
The European Investment Fund (EIF) and UniCredit Bulbank have signed a guarantee agreement aimed at supporting around 270 micro-enterprises in Bulgaria. This agreement will allow UniCredit Bulbank to provide enhanced access to finance to entrepreneurs in Bulgaria, especially those who face diffic...
The EIF and Crédal Société Coopérative (Crédal) have signed a guarantee agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in Belgium. This transaction was signed under the European Progress Microfinance Facility (Progress Microfinance), funded by the European Commiss...
The European Investment Fund (EIF) and UniCredit Leasing SIA (UCL) have signed the first loan agreement in the Baltics under Progress Microfinance with funding from the European Union. The Progress Microfinance EUR 18m loan agreement will allow UCL to provide enhanced access to finance to over 1,...
The European Investment Fund (EIF) and Cordiant have signed a guarantee agreement that will allow the asset manager to substantially increase lending to innovative companies across Central, Eastern and South-eastern Europe. The relationship is anchored by a EUR 25 million initial commitment from ...
IEGULDĪJUMS TAVĀ NĀKOTNĒ! Latvian Version The EIF Board has concluded the selection of the second financial intermediary under the JEREMIE initiative's call for expressions of interest in Latvia. The EIF has selected Imprimatur Capital Baltics to establish and manage new Seed and Start-up capital...
The EIF has selected BaltCap Management Latvia to manage a new venture capital fund dedicated to investing in SMEs in Latvia. The fund will provide start-up and expansion financing for micro, small and medium size companies with growth potential located in Latvia taking equity stakes between EUR ...
EIF's Chief Executive, Mr Richard Pelly, together with the Slovak Minister of Education, Mr Jan Mikolaj, Minister of Construction and Regional Development, Mr. Igor Stefanov and State Secretary of the Ministry of Economy, Mr. Peter Ziga, today signed JEREMIE funding agreements * aimed at suppo...
The EIF has in principle chosen UAB BaltCap Management to manage a new risk capital fund dedicated to investing into Lithuanian SMEs. This Risk Capital fund will have a target size of €20 million and will provide start-up and expansion financing for micro, small and medium size companies with gro...
BaltCap has successfully attracted private fundraising for the first ever risk capital fund to invest into Lithuanian SMEs. This forms part of the EIF managed JEREMIE Holding Fund initiative in Lithuania.
This risk capital fund is a key part of the Holding Fund’s activity and will result in EUR...
Lithuanian Version LitCapital has successfully attracted private capital to create a Risk Capital Fund of up to EUR 20 million to invest into Lithuanian SMEs. This is the third and final equity instrument to be implemented by the EIF through the JEREMIE Holding Fund initiative in Lithuania. Thi...
The EIF and Imprimatur Capital have established the first specialist technology seed and start-up fund in Latvia attracting private capital to the JEREMIE initiative in a very difficult venture capital market environment. Private investors in the start-up fund are local pension funds managed by D...
Read the Lithuanian Version EIF and AB Siauliu Bankas today signed an agreement under which Siauliu Bankas will provide loans worth EUR 40 million (over LTL 138 million to) Small and medium sized enterprises SMEs in Lithuania. Siauliu Bankas will manage the newly created Funded Risk Sharing p...
Read the Lithuanian Version European Investment Fund (EIF) and Swedbank Lithuania today signed an agreement under which Swedbank will provide loans worth EUR 104 million (over LTL 359 million) to Small and medium sized enterprises (SMEs) in Lithuania. Swedbank will manage the newly created Fu...
The EIF's Chief Executive, Mr Richard Pelly , together with the Maltese Minister of Finance, Mr Tonio Fenech today signed a JEREMIE funding agreement aimed at supporting small and medium sized enterprises (SMEs) in Malta. The Joint European Resources for Micro to Medium Enterprises initiative, kn...
The European Investment Fund (EIF ) and Banco de Crédito Cooperativo-Grupo Cooperativo Cajamar have signed a EUR 8m loan agreement aimed at supporting more than 1,500 micro-enterprises in Spain. This new agreement expands the previous Progress Microfinance agreement with Cajamar Caja Rural, will ...
GLE oneLondon and Lloyds Bank have today announced the launch of the innovative London Loan Fund supported by the European Investment Fund (EIF) under the Progress Microfinance initiative . Lloyds has provided a £5 million fund which GLE will lend on to over 270 micro businesses in London providi...
Download the Italian version [pdf] The European Investment Fund (EIF) and the Cooperative Credit Bank (BCC) Bellegra signed an agreement under the Progress Microfinance initiative, funded by the European Commission and the European Investment Bank (EIB) and managed by the EIF, to provide EUR 2.5 ...
Italian version [pdf] The European Investment Fund (EIF) and Banca di Credito Cooperativo Mediocrati (“BCCM”) (a small cooperative bank forming part of the nationwide ICCREA network of cooperative banks) have signed the first a loan agreement aimed at supporting micro-enterprises and self-employe...
The European Investment Bank Group, the world’s largest multilateral financial institution, today announced record financing in 2015, totalling EUR 84.5 billion, that will support investment in crucial infrastructure and improve access to finance across Europe and around the world. This included ...
EIF and Eurobank Ergasias (Eurobank) have signed two guarantee agreements worth in total EUR 230 million to enhance access to finance for small and medium-sized enterprises (SMEs) in Greece. These agreements benefit from the support of the European Fund for Strategic Investments (EFSI), the heart...
The European Investment Fund (EIF) and Libra Internet Bank have signed the first loan guarantee agreement in Romania under the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) and extended their microfinance cooperation under Progress Microfinance...
The EIF has signed two SME financing agreements with Alpha Bank and the National Bank of Greece, for total of EUR 60m under the JEREMIE initiative in Greece. Those amounts will be matched by another EUR 60m from the two banks and thus EUR 120m will be available to SMEs. Those new financing facili...
Lithuanian Version The Fund LitCapital I has in principle been approved by the European Investment Fund's Board of Directors as the second new risk capital fund dedicated to investing into Lithuanian SMEs. LitCapital Asset Management in the process of being established as a management company for...
Ref.: Call for EoI No. JER-009/4
The JEREMIE initiative is a framework providing a series of coherent actions to promote increased access to finance for micro, small and medium-sized enterprises. The JEREMIE initiative in Bulgaria is organised through the European Investment Fund (hereinafter, ...
Ref.: Call for EoI No. JER-009/2010/1
The JEREMIE initiative is a framework providing a series of coherent actions to promote increased access to finance for micro, small and medium-sized enterprises. The JEREMIE initiative in Bulgaria is organised through the European Investment Fund (hereinaf...
Lithuanian Version First transaction to provide SME loans worth EUR 150m through SEB Bank The European Investment Fund (EIF) announced today that it had completed the signing of the first transaction from the Lithuanian Holding Fund with SEB Bank in Lithuania. This is also th...
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