With the signing of business agreements for loans of the Recovery and Resilience Fund “Greece 2.0” amounting to 970 million euros, between the Ministry of Finance with six domestic credit institutions to be completed just a few days ago, at the end of 2021 Greek banks say ready utilization of the relevant funds. Under these […]
Tag: Recovery Fund
Invitation for the creation of a Register of Evaluators of the investment plans of the Recovery Fund
By decision of the Deputy Minister of Finance, Mr. Thodoros Skylakakis, the public invitation was issued for the creation of a List – Register of Assessors of the investment projects to be financed of the National Recovery and Sustainability Plan “Greece 2.0”. More specifically, the evaluators will cooperate with the credit institutions and the bodies […]
Starting point of investments of the Recovery Fund with resources of 970 million euros
By Tasos Dasopoulos The private investment funded by the Recovery Fund will start sooner than expected, as commercial banks have been informing their customers since last summer about the limits and possibilities that are opening up and the preparation of a large number of investments has already progressed. The agreements signed yesterday between YPOIK and […]
Optima bank signed an agreement for its participation in the Greece 2.0 Recovery and Durability program
Optima bank signed the business agreement with the Ministry of Finance, which formalizes the bank’s participation in the Recovery and Durability program Greece 2.0, which aims to modernize and develop the Greek economy. Accepting the public invitation of the Ministry of Finance to the banks, Optima bank, as mentioned in a relevant announcement, “proudly declares […]
With 970 million euros, the start of financing the investments of the Recovery Fund
By Tasos Dasopoulos The total amount of 970 million euros from the 12.7 billion loans of the Recovery Fund will be disbursed directly to the six commercial banks with which the Ministry of Finance signed yesterday the agreements for participation in the Financing of the Recovery and Resilience Fund “Greece 2.0”. More specifically, the six […]
Vodafone puts fiber optic cable in the Aegean
According to information, the laying of the Vodafone submarine fiber optic cable in the Aegean islands will start in the first half of January. In particular, the project concerns the construction and laying of a 610 km long submarine cable that will connect Attica with Syros, Tinos, Mykonos, Paros, Naxos, Santorini, Kos, Rhodes and Crete. […]
The crucial details in the Recovery Fund contract
By Tasos Dasopoulos The Ministry of Finance and the ministries that implement investments and reforms of the Recovery and Resilience Fund will be under constant control, in order to be able to receive the double installment of the program for 2022. The business agreement signed between the Ministry of Finance and the Committee on Economic […]
Three new sources of revenue for the budget and NextGenerationEU proposed by the Commission
The European Commission today proposed new own resources that will contribute to the EU budget and the repayment of funds for the financing of the Recovery Fund (NextGenerationEU). In particular, the Commission proposes three new sources of revenue: firstly from emissions trading (ETS), secondly from the resources generated by the proposed EU coal border adjustment […]
After the ECB, the baton is taken by the rating agencies
With the “ally” of the ECB decision, the Greek bonds continue to “walk” in calm waters a few days before the expiration of the bond. The positive climate that has been created in the market after the special mention of Greece in the ECB decision for the PEPR pandemic program, is now fed back by […]
Fitch: ECB decisions support Greek debt sustainability
The ECB’s announcement that it can continue to buy Greek government bonds until the end of 2024 reduces the risk of a sharp jump in lending costs for Greece, as the Pandemic Extraordinary Markets Program (PEPP) comes to an end, according to an analysis Fitch Ratings. The ECB confirmed on Thursday that net asset purchases […]