Her Eleftherias Kourtali After a very strong recovery with “driver” consumption in 2021, the Greek economy will move to a new normality this year, where investments will have a more visible role, supported by the inflows of funds from the Recovery Fund, as noted by ING in its current analysis. The recovery of the Greek […]
Tag: Recovery Fund
The new business plan of Piraeus Bank
By Leonidas Stergiou With the results of 2021 that are expected to be announced by the end of March, the management of Piraeus Bank plans the presentation of the new business plan, as Sunrise has already been completed by more than 90%. The remaining 10% is already underway with developments in the coming weeks. The […]
Alpha Bank: Invitation to companies for Recovery Fund loans
Alpha Bank confirms its role as a key partner of Greek companies for a future of progress, prosperity and sustainability, through its active participation in the national effort to utilize the funds of the Recovery & Resilience Fund (TAA). The Bank invites companies wishing to borrow under the Recovery & Resilience Fund (TAA) to submit […]
Th. Skylakakis: With investments over € 1 billion, the cooperation between YPOIK – EIB for the Recovery Fund is inaugurated
The implementation of the agreement of the Ministry of Finance, with the European Investment Bank (EIB), within the framework of the Recovery and Resilience Fund, begins with the utilization of loan resources, amounting to 500 million euros, which are disbursed directly to the EIB. This amount is expected to lead to private investment, over 1 […]
Piraeus Bank is ready to welcome investment plans for inclusion in the Recovery Fund
An information event with the participation of more than 500 customers was held online by Piraeus Bank, on the occasion of the start of the process of submitting investment plans for financing from the Recovery Fund. The Deputy Minister of Finance Mr. Theodoros Skylakakis, the CEO of Piraeus Bank Mr. Christos Megalou and Bank executives, […]
How the Recovery Fund affects banks
By Leonidas Stergiou The Recovery Fund may boost overall financing to the real economy and boost investment, but in the short term it limits the ability of banks to lend large. This is because the investment plans included in the Recovery Fund are co-financed. Therefore, only one part corresponds to bank lending and even with […]
When is the ‘fillet’ of BOAK auctioned?
of Eleni Botas At the end of the summer, the tender for the “fillet” and most of the Northern Road Axis of Crete (BOAK), Chania – Hersonissos with a total budget of 1.5 billion euros is expected to be launched. According to the same information, the approval of the Environmental Impact Study of the project, […]
K. Skrekas: 30% increase in the subsidy in the second cycle of ‘I Move Electricly’
The Ministry of Environment and Energy announced that in April the second cycle of the program “I move Electricly” to promote e-mobility will begin. The new program, with a budget of 50 million euros for 2022, includes increased subsidies for the purchase of electric cars and motorcycles while social criteria are established for the disabled, […]
National Bank: Wide SME mobilization for the Recovery Fund – Betting on feasible investment plans
With the start of the disbursement of the Recovery Fund for investment financing to be imminent, the demand is the successful use of the opportunity presented for the transformation of the Greek economy. The SME sector is required to play a central role in this effort, in which several actions of the “Greece 2.0” project […]
What IOBE and IMF suggest for the Recovery Fund
By Tasos Dasopoulos Proper hierarchy of investments and reforms, aiming at the 30.5 billion euros of the Recovery and Resilience Fund (TAA) to have a multiplier effect on the economy and employment, for a longer period of time, suggest IOBE and IMF, at the beginning of the effort to implement the Greek “Greece 2.0” program. […]
