Wednesday October 22, 2014 Search
Weather | Athens
24o C
14o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EIB to lend Greece over 1 bln euros this year

By Evgenia Tzortzi

The European Investment Bank is expected to disburse loans of over 1 billion euros to Greece this year, confirming, according to EIB Vice President Mihai Tanasescu, that “Greece constitutes a reliable client for the European Union.”

At the signing of the agreement for a 235-million-euro loan to Greece’s Public Power Corporation, Tanasescu presented the European Investment Bank’s activity in this country, stating on Monday that “the EIB has no limits to its investment in Greece,” adding with emphasis that “what we need is reliable business plans.”

The PPC business plan being funded covers the period from 2013 to 2015 and aims to overhaul and bolster its electrical energy distribution network as well as expand it in order to make possible some 186,000 new connections on mainland Greece and the islands.

PPC President Arthouros Zervos explained that the EIB loan forms part of total borrowing of 415 million euros, with the remaining 180 million euros coming from another loan expected to be signed this year or in 2015 at the latest. Greece’s EIB credit last year amounted to a total of 1.4 billion euros, almost three times as much as the 550 million euros disbursed in 2012.

ekathimerini.com , Monday March 17, 2014 (22:58)  
Credit sector officials sleeping easy ahead of stress test results
Certainty on primary surplus target
Feverish talks on payment plan proposals
TUI promises even more tourists
Cyprus to block Turkey´s EU talks after EEZ violation
Cyprus has said it will block any progress in Turkey's EU membership talks in response to a violation of its exclusive economic zone (EEZ) by a Turkish survey vessel. “We cannot consent to t...
Juncker’s EU commission team set for parliamentary green light
Jean-Claude Juncker’s team of European Union commissioners is poised to win parliamentary approval Wednesday, allowing the handover of EU executive power to take place as scheduled on Nov. 1...
Inside News
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
Careful what you wish for
Everyone is in a rush to become prime minister in this country, as if they have not learned a single thing from its political history. While still in opposition, PASOK’s George Papandreou ma...
EDITORIAL
Taking care of our key industry
It’s time to face facts: Tourism is the country’s heavy industry. The sector’s considerable contribution has served as a stabilizing factor for the local economy, essentially placing the cou...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cyprus to block Turkey´s EU talks after EEZ violation
2. Juncker’s EU commission team set for parliamentary green light
3. Credit sector officials sleeping easy ahead of stress test results
4. Certainty on primary surplus target
5. Feverish talks on payment plan proposals
6. TUI promises even more tourists
more news
Today
This Week
1. Juncker’s EU commission team set for parliamentary green light
2. Cyprus to block Turkey's EU talks after EEZ violation
3. The past, present and future of the Greek debt crisis
4. Gang importing heroin into Greece busted
5. Greece said to seek tailor-made plan for bailout exit
6. Self-opposing coalition
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Coalition shooting itself in the foot
4. GPO poll gives SYRIZA clear lead over New Democracy
5. Greece must stick to reforms, says Schaeuble
6. Greece’s closed society is central to its current malaise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.