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General

Gowex given EUR 5.4 mln loans from Spain's industry ministry

Wednesday 9 July 2014 | 16:37 CET | News
Spain's industry ministry allocated around EUR 1.4 million in grants and EUR 5.4 million in loans to wireless internet services provider Gowex, which filed for bankruptcy on 06 July. In an interview with business daily Expansion, Spain's industry minister Jose Manuel Soria described Gowex's collapse as "exceptional" and revealed that the company received significant state funds not only from the industry ministry but also from the economy ministry via the Centre for the Development of Industrial Technology (CDTI). Referring to the industry ministry's funding alone, Soria said Gowex was given

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Categories: General
Companies: Gowex
Countries: Spain
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