European Investment Bank

This is part of the European Union's strategy for a global pandemic response

EU Enlargement Commissioner Oliver Varhelyi said today that the European Commission is allocating € 3.8 billion to the Western Balkans and its EU east and south neighbors to help fight the coronavirus, according to BGNES.

Acknowledging the effect the coronavirus outbreak is having on the Greek economy, the European Investment Bank has included Greece in its economic support package of 40 billion euros announced on Monday.

The European the Commission offered up to €80 million of financial support to CureVac, a higly innovative vaccine developer from Tübingen, Germany, to scale up development and production of a vaccine against the Coronavirus in Europe.

European Investment Bank Vice-President Andrew McDowell held talks in Athens on Friday with Prime Minister Kyriakos Mitsotakis and Migration Minister Notis Mitarakis on two EIB initiatives to help Greece manage the increase in migrant and refugee arrivals.

Prime Minister Kyriakos Mitsotakis and European Investment Bank (EIB) Vice President Andrew McDowell signed an agreement on Friday for the setting up of a guarantee fund for small and medium-sized enterprises (SMEs) on Friday, his office said.

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.