The National Bank is once again participating in the great development effort of the country. Faithful to the leading role it traditionally plays in the Greek economy, it proceeded to the design of the ETHNIKI 2.0 services framework, through which it provides support and advisory guidance for companies seeking to benefit from the Recovery and Resilience Fund (TAA).
The TAA was set up by the European Union to provide financial support to Member States to deal with the effects of the pandemic. To finance investments and reforms with TAA resources, the Greek State (ED) has prepared the National Recovery and Sustainability Plan “Greece 2.0”, which provides for the use of part of the funds to finance private business investments.
The total eligible costs of private investment are co-financed up to 50% with funds of the Fund, as well as at least 20% with investors’ own funds and at least 30% with loans from the financial system, or European financial institutions (EIB, EBRD) . In this context, the National Bank invites the submission of financing applications for investments with the resources of the Recovery Fund.
The request for financing to the Bank is submitted electronically to [email protected]. The full text of the Invitation is posted on the Bank’s website, at https://www.nbg.gr/el/corporate/specialized-lending#co-funded-programmes. The submission of proposals starts from the posting of the Invitation and lasts until the available resources are exhausted.
The action is implemented in the framework of the National Recovery and Sustainability Plan “Greece 2.0” with the funding of the European Union – NextGenerationEU.
Source: Capital
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