Monday October 20, 2014 Search
Weather | Athens
29o 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)  
Banks expect conditions to turn in their favor
Firms assure their investors they are turning a corner
‘One-day’ milk becomes bone of contention
Carrots to be added to repayment plans
Targets for troika review move back onto agenda
With Greece and its lenders seemingly finding common ground on how to conclude the country’s bailout at the end of the year, attention is now due to switch to the conclusion of the latest tr...
Public order minister to seek US help on intelligence
Public Order Minister Vassilis Kikilias is expected to seek closer cooperation with the US on fighting terrorism and dealing with irregular immigration when he travels to Washington next Fri...
Inside News
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...
SOCCER
OFI stuns Panathinaikos, Mitroglou hits twice
OFI Crete produced the upset of the week in Greek soccer beating Panathinaikos in Athens for only the second time in its history on Sunday, while PAOK stayed on top beating Atromitos at home...
Inside Sports
Greece’s closed society is central to its current malaise
I started writing my book “The Thirteenth Labour of Hercules” a couple of months after the June 2012 elections in Greece. In that nail-biting showdown, a bruised and battered electorate narr...
COMMENTARY
Between West and East
The crisis that has been buffeting Greece in recent years has perforce turned the focus of domestic politics to developments in Europe. The nation’s attention, thoughts, relationship-buildin...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Reds lose to Nea Kifissia, search for new coach
2. OFI stuns Panathinaikos, Mitroglou hits twice
3. Banks expect conditions to turn in their favor
4. Firms assure their investors they are turning a corner
5. ‘One-day’ milk becomes bone of contention
6. Targets for troika review move back onto agenda
more news
Today
This Week
1. Banks expect conditions to turn in their favor
2. ‘One-day’ milk becomes bone of contention
3. Firms assure their investors they are turning a corner
4. Greece’s closed society is central to its current malaise
5. Turkish order for Cyprus EEZ coming into effect
6. Public order minister to seek US help on intelligence
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Less haste, more focus
3. Greece to contribute 1 mln towards Gaza reconstruction
4. Greece nearing bailout exit, says gov't spokesperson after IMF talks
5. Istanbul skyscraper casts shadow over Greece's banking ambitions
6. Coalition shooting itself in the foot
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.