The Lehendakari concluded the General Assembly and the 32nd business meeting of the mutual guarantee company Elkargi at the Kursaal Conference Center in Donostia-San Sebastián.
the lehendakari, Inigo Urkulluhas emphasized that, despite the current difficulties and uncertainties, “the Basque Country continues to maintain a growth forecast of 4.5% for this year”, as well as “if we unemployment rate until posting under 9% and to regain strength in foreign markets”.
Urkullu concluded this Tuesday at the Kursaal Conference Center in Donostia-San Sebastián the General Assembly and the 32nd business meeting of the mutual guarantee company Elkargi, with “a feeling of reunion after two and a half very difficult years” due to the covid- pandemic – 19.
“We have suffered, and are still suffering, in addition to our own problems, three global crises that have resulted in serious local problems,” he acknowledged, emphasizing “Elkargi’s attitude and response” in the face of this reality. .
Elkargi increases its activity by 20%
Elkargi has increased its average activity by nearly 20% this year compared to 2021, with corporate financing ahead of 183 million of euros.
The agreement with the European Investment Bank (EIB) to finance medium-sized companies, not SMEs, or groups of companies, with up to 3,000 employees, has already “contributed €30 million to 30 projects and another 20 are in the works” this year. and has been extended for another six months, until December.
In a press conference ahead of the Partners’ General Assembly, Elkargi’s president said, Joshua Sanchezand its CEO, Zenon Vazquezhave reported on the situation of this reciprocal guarantee company which concluded financing for businesses for €370 million in 2021, in addition to expanding the focus of financing to new recipients such as non-SMEs with up to 3,000 employees thanks to its agreement with the European Investment Bank already autonomous.
Sánchez pointed out that 55% of Elkargi’s funding last year was allocated to industry and services; 15% to trade; 12% to construction; 9% by culture; 6% to hotels, 2.5% to transportation and 1.5% to the primary sector.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
