Greek Economy to Get More than 8 Billion Euros in EU and Private Funds in 2016, Says Minister

Greek Economy to Get More than 8 Billion Euros in EU and Private Funds in 2016, Says Minister

More than 8 billion euros will be funneled into the Greek market in 2016 through the Public Investments Program (PIP) and international organizations such as the European Investment Bank, the European Bank for Reconstruction and Development (EBRD) and more, Deputy Minister for NSRF Issues Alexis Charitsis said in an interview with a Greek newspaper published on Sunday.
According to Charitsis, about 6.75 billion euros will derive from the PIP, of which 6 billion will be provided by the EU and the rest from domestic funds. “These funds will multiply by the leverage created by placing them in the market,” he was quoted as saying by To Vima newspaper.
Concerning private funds, these will be granted by EIB, EBRD, which, under certain conditions, could reach 2 billion, he added.
The minister explained that the new NSRF funds will be used to support small and medium-sized infrastructure and strengthen the self-employed and small businesses. Priority will be given to sectors characterized by "openness, innovation and high added value” and cover eight main themes identified at a European level: Agrifood, Life Sciences - Health - Drugs, Information and Communication Technologies, Energy, Environment and Sustainable Development, Transport, Materials - Construction and Tourism - Culture - Creative Industries.


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.