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<\/div>\nTogether with SACE, SIMEST represents the Export and Internationalization Hub of the CDP Group<\/strong>, which brings together all the instruments to support Italian companies that wish to compete and grow internationally.<\/p>\n SIMEST, in particular, supports companies through their whole expansion cycle abroad, from the initial assessment of opening up to a new market, to expansion through direct investments<\/strong>. It operates through loans aimed at internationalization<\/strong>, export credit support and capital investments.<\/p>\n From September 17th<\/sup>, after the green light of European Commission, part of the loans operated by SIMEST will be non-repayable<\/strong>, up to a maximum of 50%.<\/p>\n The loans will benefit from a soft rate<\/strong> equal to 10% of the EU reference rate (0.083% for September 2020, with a limit of zero), with 1 or 2 years of pre-amortization.<\/p>\n In addition, until December 31st<\/sup>, 2020 SIMEST loans can be accessed without the need to present guarantees<\/strong>. The novelty – introduced by Italian Decree-Law of May 19th<\/sup>, 2020 no. 34 – represents an important derogation from the current legislation governing the 394 Fund<\/strong>3<\/sup> managed by SIMEST on behalf of Italian Ministry of Foreign Affairs and International Cooperation.<\/p>\n All SIMEST solutions are also available for Italian foreign subsidiaries<\/strong> that wish to strengthen and grow their presence on foreign markets and finance foreign direct investments, R&D, Capex, but also working capital needed to complete supply orders or to carry out works abroad.<\/p>\n Among all the products offered, it should be mentioned The Push Strategy<\/strong>: a programme for medium-large foreign companies through which SACE – in partnership with SIMEST – facilitates the access of Italian businesses, especially SMEs, to the opportunities offered by the investment schemes of major foreign counterparties.<\/p>\n Thanks to this programme, it is possible to obtain untied medium\/long-term loans at competitive terms to increase the procurement of goods and services from Italy, meeting selected Italian companies in the supply chain for specific businesses.<\/p>\n EXP Legal is always available to assist companies in starting or strengthening their internationalization process and in the selection of the most suitable SIMEST product for their business development needs.<\/p>\n **************<\/p>\n \n1<\/sup>Cassa Depositi e Prestiti S.p.A. (CDP) is a prominent Italian investment bank founded in 1850 in Turin. CDP is the major Italian promotional institution for economic development through long-term investments at local, regional and national level and acts as the government’s arm for executing public policy mandates.<\/small> Author: Stefano Rossi SIMEST is the company in the Cassa Depositi e Prestiti Group1 (CDP Group) which since 1991 has supported the growth of Italian companies through the internationalization of their activities. It is 76% controlled by SACE2 and is…<\/p>\n","protected":false},"author":31,"featured_media":9065,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[2281,2363],"class_list":["post-9066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-finanza-agevolata","tag-internazionalizzazione"],"acf":[],"_links":{"self":[{"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/posts\/9066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/comments?post=9066"}],"version-history":[{"count":1,"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/posts\/9066\/revisions"}],"predecessor-version":[{"id":10122,"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/posts\/9066\/revisions\/10122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/media\/9065"}],"wp:attachment":[{"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/media?parent=9066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/categories?post=9066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/explegal.it\/en\/wp-json\/wp\/v2\/tags?post=9066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n2<\/sup>SACE is the Italian export credit agency. 100% controlled by Cassa Depositi e Prestiti, offers a complex range of instruments for credit insurance, investment protection, the provision of sureties and financial guarantees.<\/small>
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\n3<\/sup>The Fund, financed by Italian Ministry of Foreign Affairs and International Cooperation, for companies\u2019 business internationalization.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"