The wealth of EU resources allocated to Greece for recovery after Covid-19 are set to bring the country into the new era, according to European Commission VP Margaritis Schinas.
Fresh funding for a wide range of Greek businesses, including tourism enterprises, will be announced soon, according to Development Minister Adonis Georgiadis.
Some 5,000 small businesses, startups and mid‑sized enterprises in Greece will gain access to 640 million euros in loans at favorable terms, following three deals signed between EIF and NBG.
The European Investment Fund (EIF) and the Greek economy ministry signed a funding deal to establish a 260 million euro risk capital Fund-of-Funds which will facilitate access to finance for entrepreneurs by unlocking the equity potential in the Greek market.
Nine Greek transport projects are slated to receive EU funding under the Connecting Europe Facility (CEF) after the European Commission’s decision earlier this month to inject 6.7 billion euros in transport infrastructure to boost jobs and growth.
Six regional airports in Greece will get EU funding to the tune of 197 million euros towards their upgrade under the EU Infrastructure Investment Plan, the Greek Infrastructure, Transport and Networks Ministry announced.
Tourism is among the first sectors in Greece to receive EU funding to the tune of 112 million euros for three projects in addition to a fourth included in the infrastructure transport sector, under the EU Infrastructure Investment Plan.
