Thursday Jul 31, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Plans for cash flow to small enterprises

By Evgenia Tzortzi

The states 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 years orders, with a favorable interest rate close to 4.5 percent.

ekathimerini.com , Tuesday Jan 22, 2013 (23:19)  
Govt reins in spending of regions
Intralot to run one-horse race for betting permit
Work to start on Academy Gardens
Banks shift to corporate credit
Strawberry farm shooting verdict draws ire
There was an outcry on Wednesday after the owner of a strawberry farm in the Peloponnese, where 28 migrant workers were shot last year, was cleared of any wrongdoing along with one of his fo...
Greece evacuates Tripoli embassy
Greece dispatched a navy frigate to Tripoli on Wednesday after the Foreign Ministry decided to evacuate all personnel from its embassy in the Libyan capital as fighting between rival militia...
Inside News
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
SOCCER
Greek league recruits former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greeces former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Goalless draw at Liege puts Greens in driving seat
2. Strawberry farm shooting verdict draws ire
3. Govt reins in spending of regions
4. Greece evacuates Tripoli embassy
5. Former municipal police officers put on the beat in city center
6. Intralot to run one-horse race for betting permit
more news
Today
This Week
1. Wine cup used by Pericles found in grave north of Athens
2. Six firms submit bids to lease Vouliagmeni beach
3. IMF's Lagarde not sure yet about debt relief for Greece
4. Coalition submits new proposals for Greek coastline
5. Police arrest one, seek another three over counterfeit goods
6. EU Commissioner Damanaki unlikely to return to Greek politics
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
3. Defense Minister Avramopoulos to represent Greece at European Commission
4. Front-line threats
5. Greece names fifth privatization agency chief in four years
6. Greek coast guard picks up 77 migrants off Myconos
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.