EIB President Hoyer urges more investment in innovation

EIB President Hoyer urges more investment in innovation

“Small firms may introduce an innovative product, but they lack growth finance and, in a very stringent business environment, are unable to invest and grow,” EIB President Hoyer said.

Europe must invest at least EUR 300 billion each year in innovation if it wants to catch up with the US and the leading economies in Asia.

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