European Investment Bank
Greece will kick off the sale of a minority stake in power distribution operator HEDNO in September, Energy Minister Kostis Hatzidakis said on Friday.
Speaking on the sidelines of the signing of a loan agreement between the European Investment Bank (EIB) and PPC, Hatzidakis told reporters that the sale process for a 49% stake will begin in September.
In order to have lower interests, Romania must sort out the deficit issue, Finance Minister Florin Citu said on Thursday; he also stated that this year the budget deficit stays at 3.6 percent of GDP and will fall below the 3 percent threshold in 2022. "Mr. central bank governor Mugur Isarescu is largely right: in Romania, the issue is not directly the interests, but the deficits.
The European Union's lending arm, the European Investment Bank (EIB), signed a 180-million-euro ($199.69 million) loan deal with Greece to help it pay its share for a new airport on Crete, the country's biggest island.
Greece has been upgrading its airport facilities to handle an increasing number of tourists visiting the country, one of the world's top holiday destinations.
Vicepresident of the European Investment Bank (EIB), Andrew McDowell, stated on Thursday, in Bucharest, that the European Investment Bank Group is tripling its support for Romanian companies, from 500 million euro up to 1.38 billion euro.