EIB Disburses 300 Million Euros for Greece's NSRF Program

EIB Disburses 300 Million Euros for Greece's NSRF Program

The European Investment Bank (EIB) loan disbursed on Wednesday 300 million euros for Greece to be used to cover the country’s participation in the 2014-20 National Strategic Reference Framework (ESPA) program.
The loan tranche is part of a 1-billion-euro loan the country signed with EIB at the end of August and it is double the amount which is usually disbursed, as the bank agreed on the immediate need to increase the liquidity of those programs. It was also agreed to increase by 50 million euros the existing loan for the implementation of the 2007-2013 ESPA.
“Building on the work of previous eight months, I am confident that we will succeed in completing successfully the 2007-13 NSRF programs and in launching those of the new programming period, providing valuable impetus in the economy to return to growth,” Economy Minister Giorgos Stathakis commented on the news. “Our goal is, by the end of the year, to channel funds of 4.5 billion euros in the real economy through EIB,” he added.
On the same issue, Deputy Economy Minister, responsible for the NSRF programs, Alexis Haritsis, said: “We’re starting right where we stopped because there’s no time to waste.”

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.