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European Investment Bank (EIB)

EU Supports Africa With €1 Billion to Tackle COVID-19 Pandemic

Africa's Covid-19 struggle will be supported with over €1 Billion and expertise from Europe, the European Commission announced.  European Commission President Ursula von der Leyen announced on Friday at the G20 Global Health Summit in Rome a Team Europe initiative...

‘Greece 2.0’: The Plan for Greek Economic Recovery Explained

Greece 2.0, the plan for Greece's economic recovery post-COVID-19, has been laid out with the European Investment Bank to manage 5 bln euros

Piraeus Bank, EIB, EBDR, Sign €700 Million Investment Deal for Small Greek Businesses

Piraeus Bank, Greece's biggest lender, has signed a new investment deal for small and medium sized companies with the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), worth 700...

EIB to Help Piraeus Bank in Supporting Small Greek Businesses

The European Investment Bank (EIB) has announced it will invest 350 million euros in Piraeus Bank covered bond next month, as part of efforts to increase small business lending in Greece. This will mark the first time that an international...

Four Bidders Expected for Athens Metro Project

Four bidders are expected to show interest in Greece's tender to build a 1.45 billion euro ($1.72 billion) project to expand the Athens metro, a source familiar with the matter said. Greece's GEK Terna will bid as part of a...

EIB Allocates €1 Billion Credit Line to Greek Banks for SMEs and Youth Employment

On Thursday the European Investment Bank (EIB) dedicated a one billion euro credit line to Greek banks, Reuters reported. The money is set to be allocated for small and medium-sized businesses (SMEs) in efforts towards promoting youth employment in Greece,...

Greek Govt Expects 3.7 Bln Euros in Revenues from Reforms Package

The Greek government expects 3.7 billion euros of revenues from the introduction of a reforms package currently discussed with the country’s creditors in the Brussels Group. The reforms include, among others, the introduction of taxes on Greek citizens’ deposits abroad –...

European Investment Bank to Remain Active in Greece

The European Investment Bank (EIB) was active in Greece before the crisis, it remained during the crisis and its intention is to continue to be active after the crisis, EIB President Werner Hoyer said on Monday. According to Hoyer, the process,...

Audit Court Approves Budget for Excavations at Thessaloniki Metro

An Audit Court approved earlier today the disbursement of 25 million euros for archaeological excavations at the Metro construction site in Thessaloniki, Greece. This decision essentially unblocks the way for the completion of the biggest transport project in the city’s history....

Greece Requests Loan for Athens Metro Line 4

The Greek government plans to meet with the European Investment Bank (EIB) and ask for funds to start construction on the fourth Athens Metro line. The request will be made during the EIB officials' visit in Greece in September. Greek Infrastructure Minister...