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Thursday, August 18, 2022
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GreeceBusinessGreece sets 0.35% minimum interest rate on Recovery Fund loans

Greece sets 0.35% minimum interest rate on Recovery Fund loans

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Hellenic News of Americahttps://www.hellenicnews.com
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The Greek finance ministry set a stable 0.35% minimum interest rate on loans to be offered in the framework of the Recovery and Resilience Fund “Greece 2.0”, according to decision taken by Finance Minister Christos Staikouras and Alternate Minister Theodore Skylakakis.

This specific term on interest rates covers all loan contracts expected to be signed between banks participating in the programme and eligible investors. The interest rate, however, could be higher. A total of six credit insitutions participate in the “Greece 2.0” programme: European Investment Bank, European Bank for Reconstruction and Development, National Bank, Piraeus Bank, Alpha Bank, Eurobank, Optima Bank and Pancretan Bank. The Greek government has already set evaluation criteria for investment plans to be included in the Recovery and Resilience Fund, which will cover five pylons: Green transition, digital transformation, innovation-research & development, creating scale economies through partnerships, mergers and acquisitions and extroversion.

SOURCE: AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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