EIB signs three loan agreements worth 300 mln euros with Greece
The European Investment Bank (EIB) on Friday announced the signing of three loan contracts with Greece for which the Finance ministry offers state guarantees.
Two of the contracts, worth 200 million euros, refer to the cooperation of Piraeus Bank and National Bank with EIB to support investments in the agricultural and agri-food sector and the bio-economy sector.
The third contract, worth 100 million euros, was signed with power utility PPC as part of the investment program of the Hellenic Electricity Distribution Network Operator, aimed at strengthening and modernizing its distribution grid in the country.
EIB plans to sign loan agreements worth more than 3.1 billion euros with Greece this year, operating as a "vehicle" to achieve the country's development targets, the bank said.
Speaking to reporters after a meeting with Finance Minister Christos...