We have made a lot of progress in T2S so far and I would like to briefly recapitulate the major recent achievements as well as the main future milestones. T2S recent achievements and future milestones The T2S project started in summer 2006 and is currently half-way towards the go-live date in September 2014.
The easing of credit standard, followed by a reduction of credit interest rates, served as important incentives for increasing credit demand, thus resulting with an annual credit increase of 11.6 percent in October this year. This shows that access to finances, which has been long reported by businesses as a key barrier to the development of businesses, is now constantly improving.