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Within the framework of the JEREMIE initiative (Joint European Resources for Micro to Medium Enterprises), on 26 June 2007 the MEF signed the first Funding Agreement among the 27 Member States of the E.U. for the setting-up of the implementation and financing structures of JEREMIE, thus confirming the pioneering role and determination of Greece towards adopting and promoting modern financial engineering instruments that will decisively contribute to the improvement of the competitiveness of Small and Medium Enterprises (SMEs).

Indicatively, the financing covers a wide range of products, such as the provision of microfinance through financing institutions, participation in companies’ capital and venture capital operations, provision of guarantees, etc. These instruments are expected to have an intense multiplying effect with the aim of attracting private funding combined with the absorption of Community funds.

Last modification date: 07/12/2009