Luxembourg Minister of Finance, Pierre Gramegna, has deemed the European Fund for Strategic Investments (EFSI) an important factor in accelerated growth in Europe, calling on enterprises in the Grand Duchy to use it as a finance tool.
The announcement following a meeting between the Minister and Jyrki Katainen, Vice-President of the European Commission, responsible for Emplyoment, Growth, Investment and Competitiveness, on 30 May 2016.
The Commission Vice-President presented to Minister Gramegna the latest figures on the EFSI, a programme which has seen the mobilisation of €100 billion, 80% of which was from the private sector. The two politicians also proposed ways of identifying concrete projects in Luxembourg which could be financed by the Fund, before discussing the upcoming launch of the European portal for investment projects. Minister Gramegna expressed his aim to encourage the private sector to gradually enroll Luxembourg projects in the portal to ensure visibility among international investors.
"The European Fund for Strategic Investments is a great success, which will help accelerate growth in Europe," Pierre Gramegna later commented. "In addition, several Luxembourg banks, as well as the SNCI, reserved funds to facilitate access to the EFSI. I invite interested Luxembourg companies, including SMEs, to consider this new financing opportunity for their projects."
Photo by MFIN (L-R): Jyrki Katainen; Pierre Gramegna)
