The Recovery & Resilience Fund was a huge step for the European Union and a great success for Greece which is one of the biggest beneficiaries among the other countries. The total resources of the Fund and other European Structural Programs, together with leverage from bank loans and private equity, will exceed € 70 billion over the next six years. This is a historic opportunity but also a strong challenge that will determine the future of the Greek economy, the potential for social cohesion and prosperity for all in the medium to long term.
EUROBANK, Development Bank, declares from the very beginning ready to contribute to the leverage of significant private funds for the financing, along with public resources, of the investment projects that will be approved in the framework of the use of the Fund’s resources (RRF). With the speed required by the times, it supports with all its might this perspective, the new growth cycle and the Greek companies to accelerate their modernization and especially their digital upgrade, supporting all the key sectors for the economy (Tourism, Shipping , Energy, Infrastructure and Real Estate).
The Fund is, after all, a framework for financing and providing liquidity with criteria that reflect the needs of the Greek economy in the current situation: digital transformation, green transition, extroversion, innovation, research and development, training and retraining, mergers, partnerships and acquisitions with the aim of increasing the size – and prospects – of Greek companies.
Aiming at € 5.5 billion in disbursements over the next three years, the Bank seeks to contribute to the collective effort to consolidate a truly sustainable development in the country. He is actively involved in almost all the flagship projects implemented in the country, such as Elliniko, while he talks from the first moment with clients about the preparation of their investment plans in order to apply for membership in the RRF. At the same time, since 2020, it has already granted 14,000 loans amounting to 1.3 billion euros to companies with a turnover of up to 5 million euros, having approved 82% of the requests submitted in 2021.
at TheTOC.gr
Source From: Capital
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