the european investment bank
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European Investment Bank (EIB) president Werner Hoyer announced ambitious plans for major investments in Greece in 2020 during a visit to Athens for talks with Prime Minister Kyriakos Mitsotakis, Finance Minister Christos Staikouras and other government officials today.
Partnership with National Bank of Greece, Piraeus 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.
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 European Investment Bank (EIB) will no longer finance projects on fossil fuel energy production, which means that more money will be directed towards green energy investments, and Romania will benefit from this opportunity, Andrew McDowell, vice president of the institution, told on Thursday a conference on the financing of investments, organized by the EIB in Bucharest.
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.