European Investment Bank

Photo: European Commission President Ursula von der Leyen and Albanian Prime Minister Edi Rama in Brussels on 17 February 2020. Photo: European Commission/Twitter

Albanian Prime Minister Edi Rama said the aid toll was "beyond our wildest imagination."

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.

The EU funding for Bulgaria under cohesion and agricultural policy will not be reduced in the next 7-year programming period, said Lilyana Pavlova, Vice-President of the European Investment Bank for the Bulgarian National Radio, BNR reported.

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.

Greece's new Infrastructure Fund will have resources of 450 million euros to work with and the participation of the country's four systemic banks to contribute to high-priority sustainability projects worth at least 650 million euros.

The government and the European Investment Bank signed an agreement on Thursday for the EIB's biggest ever funding contribution to new investments in flood protection for homes and businesses in Greece.

Jazz enthusiasts and those enjoying fusion musical experiences are invited Sunday, on 4 August, starting 19:00hrs, at the JazzUp Casino concert, to be held in the Constanta Casino, a show performed by three renowned musicians, a local administration release informed on Wednesday.

Europa Nostra, the leading European heritage organization, and the European Investment Bank (EIB) Institute have said in a recently issued report that the restoration of the Prinkipo Greek Orthodox Orphanage in Istanbul would cost at least 40 million euros and would take four to fıve years to complete.