The Investment Plan for Europe, or Juncker Plan, is backing a €10 million guarantee agreement signed between the European Investment Bank and the financing company Capitalia, active in Estonia, Latvia and Lithuania. This guarantee agreement is supported by the European Fund for Strategic Investments (EFSI), the heart of the Juncker Plan, and by the Employment and Social Innovation (EaSI) programme...
Thanks to this agreement, small businesses in need of resources in the Baltic countries will be able to receive financing of up to €25 000. Marianne Thyssen, Commissioner for Employment, Social Affairs, Skills and Labour Mobility, said: "Giving small entrepreneurs the means to put their talent to work with better access to finance is one of our key priorities. This is how we will build a fairer and a more inclusive European Union." A press release is available here. As of February 2019, the Juncker Plan already mobilised €380 billion of additional investments, including €1.3 billion in Estonia, €966 million in Latvia and €1.6 billion in Lithuania.
