Economy of Germany

Investment fund off the ground

 Extensive support by KfW in capital and expertise will attract more institutional and private investors

By Evgenia Tzortzi

The Institution for Growth in Greece will start financing small and medium-sized enterprises in June with 200 million euros provided by the Greek state and Germany’s KfW. The fund will refinance existing loans and issue new credit to SMEs.

Greece, Germany sign deal for IFG

Germany’s state-owned KfW bank is set to contribute 100 million euros to the Institution for Growth in Greece, IFG.

The deal was signed by Greel Development Minister Costis Hatzidakis and KfW Senior Vice-President Dr Lutz-Christian Funke, in the presence of Finance Minister Yannis Stournaras, in Athens on Wednesday.

Lufthansa Strike To Affect Flights To/From Bulgaria

The pilots' strike of the German airline Lufthansa will also affect the flights to and from Bulgaria. 

A special section on the Lufthansa website shows, that flights from Sofia to Munich and Frankfurt from April 2 to April 4, included, as well as the early morning flight to Munich, are cancelled. Same applies to the flights from Munich and Frankfurt to Sofia, April 2-4.