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€15M Credit line to Support SMEs

 

Société Générale de Banque au Liban (SGBL) and The European Investment Bank (EIB) signed an agreement, to establish a €15 million credit line in order to

finance investment projects of small- and medium-sized enterprises (SMEs) in Lebanon.

 

The agreement is part of a €55 million plan launched by the EIB in 2011 to finance private investments, targeting SMEs operating in the tourism, health, industrial, education, and technology sectors.

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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