Wednesday, May 29, 2024

      Subscribe Now!

 

spot_img
spot_img
GreeceBusinessTotal of 381 investment plans worth 12.1 billion euros submitted to 'Greece...

Total of 381 investment plans worth 12.1 billion euros submitted to ‘Greece 2.0’ plan

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

Latest articles

A total of 381 investment plans, with a combined budget of 12.12 billion euros, have been submitted to the National Recovery and Resilience Plan “Greece 2.0”, the finance ministry said in a report.

The ministry noted that 5.02 billion euros were loans from the Recovery and Resilience Fund, 4.03 billion euros are bank capital and 3.07 billion euros the participation of the owners of the plans. These investment plans cover different sectors of the economy (industry, retail commerce, electricity production, renewable energy sources, telecommunications, tourism and services).

A total of 106 loan contracts have been signed, with a budget of 5.2 billion euros (2.1 billion from the RRF, 1.8 billion from banks and 1.3 billion own capital). The average weighted interest rate of the loans is 1.8% with an average repayment duration of 12 years. Out of the 381 investment plans, 230 have been submitted by very small, small and medium-sized enterprises with a total budget of 2.73 billion euros.

Finance Alternate Minister Theodore Skylakakis said that loans received from the Recovery Fund are the largest financing tool the country has ever had and has motivated investors because of the favorable lending terms in a period when interest rates are on the rise, globally. The National Recovery and Resilience Plan “Greece 2.0” is implemented rapidly and it is addressed to anyone willing to invest.

SOURCE; ANA-MPA

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.

Get Access Now!

spot_img
spot_img
spot_img