EU Invests 20 Million pounds in Economy Palestinian Territories. The European Union invests 20 million pounds in Palestine to stimulate economic growth and to promote private lenders to invest in projects in the West Bank and the Gaza Strip.
The EU funds are invested in, among other things, the generation of energy and more efficient use thereof. Also, small and medium-sized companies, in particular, the financial services in Gaza, receive assistance, as was announced in Ramallah on the West Bank.
Palestinians are faced with curtailments of their freedom of movement, including products, high unemployment, political weakness and increasing demand for energy, Citi News writes.
These challenges inhibit business life and discourage foreign investors, according to the European Commission.
The stimulus measures should make the business climate more positive and create many new jobs.