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Economy Ministry and SID Bank set up Fund of Funds

Ljubljana, 24 November - The Economy Ministry and the national development bank SID signed on Friday an agreement setting up the Fund of Funds (FOF). The fund, to be run by SID, is meant to optimise the management of an expected EUR 253m in refundable EU cohesion funds or EUR 373m when factoring in financial intermediaries. The first financing will be available in 2018.

Ljubljana
Economy Minister Zdravko Počivalšek (right) and chairman of the Slovenian Export and Development Bank (SID) Sibil Svilan signing an agreement to establish a fund of funds, to be managed by SID
Photo: Nebojša Tejić/STA

Ljubljana
Economy Minister Zdravko Počivalšek and chairman of the Slovenian Export and Development Bank (SID) Sibil Svilan signing an agreement to establish a fund of funds, to be managed by SID
Photo: Nebojša Tejić/STA

Ljubljana
Economy Minister Zdravko Počivalšek and chairman of the Slovenian Export and Development Bank (SID) Sibil Svilan signing an agreement to establish a fund of funds, to be managed by SID
Photo: Nebojša Tejić/STA

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