Europe’s biggest solar gigafactory 3Sun secures €560 million financing from EIB and pool of Italian banks led by UniCredit and backed by SACE

The Parties aim to support Ukraine through a Framework of Cooperation, leveraging the potential of export credit and foreign direct investment support

SACE, the Italian insurance-financial group controlled directly by the Ministry of the Economy and Finance, has signed two financial agreements worth a total of 400 million euros during the Italy-Serbia Business Forum. The event was attended by the Italian Minister of Foreign Affairs and International Cooperation, Antonio Tajani, and the Prime Minister of the Republic of Serbia, Milos Vučević.

The agreement between SACE and the Trade Bank of Iraq will support the development of the private sector in Iraq by promoting Made in Italy exports to the country, with a total value of 1 billion euros. Italian companies Danieli & C., FalorniTech, B2FIRMS, Tecno Electric with CSV Life Science Group and Bottero Spa have signed 5 agreements with Iraqi buyers - Muhaj Baghdad for General Trading Company; Al Masa Company; Keppt Investment; Al-Minhaj International Chemical Industries - for new potential projects worth a total of 775 million euros in key sectors for Iraq's economic diversification: pharmaceuticals, food and beverage, steel, and mechanical instrumental machinery. SACE is ready to support the export of Italian supplies and services to Iraq through its wide range of financial solutions