Friday December 19, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece, Germany sign deal for IFG

Germanys state-owned KfW bank is set to contribute 100 million euros to the Institution for Growth in Greece, IFG.

The deal was signed by Greel Development Minister Costis Hatzidakis and KfW Senior Vice-President Dr Lutz-Christian Funke, in the presence of Finance Minister Yannis Stournaras, in Athens on Wednesday.

The investment fund is expected to provide local lenders with funds for investing in medium-sized companies at low interest rates. The organization is also expected to fund infra-structure projects that are not covered by European Investment Bank programs.

Among the institutions expected to participate in the IFG's financing is the European Investment Bank, with the lender expected to sign a memorandum of understanding with Greece in the near future. Meanwhile, the Onassis Foundation has already signed up to contribute 30 million euros to the new fund.

Speaking at the signing ceremony Stournaras noted that following four tough years the economy was stable and showing its first signs of recovery. The KfW deal was expected to act as a "catalyst" in order to attract more investment, the minister said.

ekathimerini.com , Wednesday April 23, 2014 (15:18)  
Importers told to pay up in advance
Jobless rate posts steady decline
Piraeus and KKR strike loans portfolio deal
German approval and praise come at key time
GDs Kasidiaris charged for recording chat with ex PM aide
A prosecutor on Friday brought charges against the spokesman of neofascist Golden Dawn, Ilias Kasidiaris, in connection with the latter's recording of a conversation a year ago with the then...
Independent Greeks leader backs MPs bribery claims, threatens to release video
At an emergency press conference on Friday, Independent Greeks leader Panos Kammenos backed allegations by his MP Pavlos Haikalis according to which a middleman tried to bribe the latter to ...
Inside News
SOCCER
PAOK loss at Giannina brings Olympiakos to within a point
The bad losses that PAOK and Panathinaikos suffered on the road on Thursday allowed Olympiakos to gain significant ground on the table and come to within one point from the top after the mid...
BASKETBALL
Reds lose in Turkey to motivated Galatasaray
Olympiakos went down at Galatasaray 79-74 on Thursday for its second defeat in the first round of the Euroleague that ended with the Reds topping their pool with eight wins in 10 games. With...
Inside Sports
COMMENTARY
New weapons of diplomacy
Hollywood screenwriters couldnt make it up: That Sony, one of the worlds biggest film producers, would be forced to pull a comedy about the assassination of North Koreas dictator after a ...
EDITORIAL
Oblivious to change
The world around us is undergoing many important changes while we sit around stewing in our own juices. US President Barack Obama is actually talking with Cubas Raul Castro, for example, bu...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. GDs Kasidiaris charged for recording chat with ex PM aide
2. Independent Greeks leader backs MPs bribery claims, threatens to release video
3. Ministry rebuffs reports that Amphipolis skeleton has been identified
4. Govt spokeswoman says bribery claims badly-played charade, heralds legal action if evidence not produced
5. Former premier Mitsotakis to meet President Papoulias to discuss political upheaval
6. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
more news
Today
This Week
1. Independent Greeks MP Haikalis claims attempted bribery for presidential vote
2. Greek PM Samaras confronts peril putting his Greek transformation to vote
3. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
4. Gov't spokeswoman says bribery claims 'badly-played charade,' heralds legal action if evidence not produced
5. Former premier Mitsotakis to meet President Papoulias to discuss political upheaval
6. Ministry rebuffs reports that Amphipolis skeleton has been identified
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. High stakes
6. Europe's drama in Greece needs final act to avoid tragedy
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.