Ancona

Govt launches 5 bn euros in loans for companies that upgrade

Cassa Depositi e Prestiti the backer

Govt launches 5 bn euros in loans for companies that upgrade

Ancona, June 14 - The Italian State-backed Cassa Depositi e Prestiti (CDP) fund will provide five billion euros in soft loans, at half-market rates, for companies that update their production process by purchasing new machinery worth two million euros, Industry Minister Flavio Zanonato said Friday.

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