Slovak Investment Holding Anti-Corona Guarantee
Ivan Lesay, Chief Executive Officer, Slovak Investment Holding
Ivan Lesay, Chief Executive Officer, Slovak Investment Holding
Aleksandra Kwiatkowska, Director of the Unit, European Programmes Department, Bank Gospodarstwa Krajowego
Oana Dordain, Policy Officer, Financial Instruments and Relations with International Financial Institutions Unit, DG REGIO, European Commission
Ieva Zālīte, Policy Officer, Financial Instruments and Relations with International Financial Institutions Unit, DG REGIO, European Commission
Krzysztof Kasprzyk, Policy Officer, Financial Instruments and Relations with International Financial Institutions Unit, DG REGIO, European Commission
Petr Lapka, Deputy Head of Unit, DG AGRI, European Commission
Szilvia Bencze, Policy Officer, DG AGRI, European Commission
Andrea Leruste, Deputy Head of Unit, DG EMPL, European Commission
Andrea Da Pozzo, Policy Officer, DG EMPL, European Commission
Desmond Gardner, Financial Instruments Advisor, European Investment Bank
Recorded at: ESIF financial instruments under the Coronavirus Response Investment Initiative
Axel Badrichani, Deputy Head of Financial Instruments and International Financial Institutions Relations Unit, DG REGIO, European Commission
Closing by: Bruno Robino, Head of fi-compass, European Investment Bank
This ‘fi-compass Showcase 2019’ submission is a video story about the company San Giorgio, founded back in 1980 as a small pastry shop, which gradually expanded and became a major Italian industrial manufacturer in the frozen confectionary sector, employing today 180 people.
This ‘fi-compass Showcase 2019’ submission is a video story about the company San Giorgio, founded back in 1980 as a small pastry shop, which gradually expanded and became a major Italian industrial manufacturer in the frozen confectionary sector, employing today 180 people.
The Sweet Campania project brings together 8 companies in the production supply chain, headed by San Giorgio and AMBROSIO IDAV. The project received a loan of over EUR 6 800 000 from Fondo Rotativo Contratti di Sviluppo Asse III, a financial instrument co-financed with resources from the European Regional Development Fund (ERDF), in combination with a grant.
In the video Fiorenzo Cirillo, Project Leader, explains that the Sweet Campania initiative helped to improve the value generated within the supply chain. The project reinforced the companies’ ability to take on international challenges, to increase their turnover and to employ additional people.
Emilio Ambrosio from AMBROSIO IDAV states how the project enabled them to achieve their development goals, in terms of both quality and size, with the support of European Union resources. “We are also planning future growth, partly by expanding the objectives of the project we have brought forward so far”, he concludes.
This fi-compass factsheet aims to assist the mobilisation of ESIF financial instruments, including in combination with grants, to respond to the COVID-19 health crisis and its social and economic impact. It describes the new flexibilities under the Coronavirus Response Investment Initiative (CRII) and CRII Plus and how they can be used to facilitate support through ESIF financial instruments to ensure the continued supply of affordable finance to individuals and businesses most affected by the crisis.
fi-compass has launched a new podcast series with a discussion with Axel Badrichani, Deputy Head, DG REGIO, on how ESIF financial instruments can be used under the Coronavirus Response Investment Initiative. This is the first of a new series of podcasts which will be informal and accessible and designed to generate new insights through the exchange of expertise. The podcasts will be suitable for a wide range of stakeholders with different levels of knowledge of financial instruments.
Energy Performance Contracts (EPCs) are contractual arrangements typically between a building owner and an energy service company (‘ESCO’), where the ESCO invests in energy efficiency measures and guarantees energy savings over the duration of the contract. By linking compensation to the performance of the implemented projects, the client pays for actual savings and not for the investment. This report describes the key features of EPC, its advantages and how ESIF financial instruments can help upscale the EPC market in the future.
Use of financial instruments or market mechanisms are highlighted in a new report from the European Court of Auditors (ECA) as key considerations for Member States to take into account in preparing their 2021-2027 Operational Programme interventions in this sector.