Wednesday September 17, 2014 Search
Weather | Athens
27o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Plans for cash flow to small enterprises

By Evgenia Tzortzi

The state’s funding body for small and medium-sized enterprises (ETEAN) will channel liquidity of 1.2 billion euros in the form of loans for cash and guarantees in an effort to boost the market, its president, Giorgos Gerontoukos, announced on Tuesday.

He stated that the main condition for the implementation of this plan is the mobilization of banks through which these funds will find their way to the market, after plans have been updated to match new targeted programs for funding.

The main initiative concerns the creation of a new Fund for Loan Issuing with total funds of 450 million euros. ETEAN will contribute half of that amount, with the other half coming from the banks. Loans will amount to 50 percent of the enterprises’ turnover last year or 50 percent of the current year’s orders, with a favorable interest rate close to 4.5 percent.

ekathimerini.com , Tuesday Jan 22, 2013 (23:19)  
Sports events extend season of tourism
Gov’t to ask for subsidy return
Shipping sector concentrates but still expands despite crisis
First step toward transformation of Athenian Riviera
Tsipras to meet with Pope Francis on Thursday
SYRIZA leader Alexis Tsipras will travel to the Vatican for a meeting with Pope Francis on Thursday according to reports. Social justice, unemployment, immigration and the Mideast crisis are...
A SYRIZA victory would spark a bank run, PM reportedly warns
A SYRIZA victory in an early general election would cause a bank run, Prime Minister Antonis Samaras has warned according to reports. “Given what [SYRIZA leader] Alexis Tsipras said in Thess...
Inside News
SOCCER
Mitroglou rediscovers scoring touch after Fulham let-down
Costas Mitroglou banished the memories of his disappointing spell in England after breaking a 10-month goal drought as Olympiakos Piraeus secured a thrilling 3-2 Champions League win over At...
SOCCER
Mitroglou seals Olympiakos´s 3-2 triumph over Atletico
Costas Mitroglou returned to scoring after 10 long months to seal a famous victory for Olympiakos in the Champions League as the Greek champion defeated visiting Atletico Madrid 3-2 on Tuesd...
Inside Sports
COMMENTARY
Loud patriotism
I admit that whenever politicians drag religious faith and worn-out patriotism into discussions I button up. I feel the same way when I see bishops blatantly getting involved in politics. To...
EDITORIAL
In need of a second wind
Greek Prime Minister Antonis Samaras and a few of his ministers have gone to great lengths to see Greece regain credibility in the eyes of its partners. Given that the state mechanism is not...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tsipras to meet with Pope Francis on Thursday
2. Mitroglou rediscovers scoring touch after Fulham let-down
3. A SYRIZA victory would spark a bank run, PM reportedly warns
4. Davutoglu calls for a two-state solution in Cyprus
5. Mitroglou seals Olympiakos´s 3-2 triumph over Atletico
6. Sports events extend season of tourism
more news
Today
This Week
1. Loud patriotism
2. In need of a second wind
3. Davutoglu calls for a two-state solution in Cyprus
4. A SYRIZA victory would spark a bank run, PM reportedly warns
5. Tsipras to meet with Pope Francis on Thursday
6. Greece at bottom of social justice scale among EU28
Today
This Week
1. Greece on standby
2. A Greek God
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. Greece at bottom of social justice scale among EU28
6. EU bank tests may miss trillion dollar risk, study finds
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.