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Daily News 03 / 12 / 2018

First direct support to private company in Latvia under the Juncker Plan through EFSI financing to manufacturer HansaMatrix

The European Investment Bank signed a €10 million financing agreement with Latvian electronic system development and manufacturing company HansaMatrix. This agreement was made possible by the European Fund for Strategic Investments (EFSI), the heart of the Juncker Plan. The financing will support HansaMatrix's growth strategy based on the expansion of its manufacturing capacities and the ongoing shift from manufacturing to offering a full range of services. The financing will also help the company boost its research and development activities. This is the first direct EFSI financing to a private company in the country, and comes on top of over 7,300 SMEs already financed in Latvia through intermediary banks and funds. All investments will be located in Latvia, at the company's existing sites near Riga, Pārogre and Ventspils.