Business News

Helios Gets EUR 9.3M SIB Bank Loan for R&D

Ljubljana, 14 November (STA) - Coatings maker Helios secured a 12-year EUR 9.3m loan from the SID bank for the development of environmentally friendly coatings, the state-owned bank said on Wednesday.

The aim of the project is to develop coatings with a lower content of organic solvents in order to meet new environmental standards.

The funding comes from a EUR 100m SID facility for the financing of technological and development project that is part funded from the budget.

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