Thursday August 21, 2014 Search
Weather | Athens
32o C
25o 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)  
Primary surplus exceeds January-July target figure
Ryanair in Cyprus Airways talks
Summertime tax violations still common
Eurozone business growth slows in July, prices fall: PMI
KEELPNO blames stomach bug for sick tourists on Rhodes
The Center for Disease Control and Prevention (KEELPNO) on Thursday contradicted foreign press reports according to which hundreds of tourists suffered food poisoning at a hotel on Rhodes ea...
KEPs to issue new and replacement driving licenses
Greeks and foreigners living in Greece will no longer have to queue up at the Transport Ministry to get new or replacement driving licenses as the government decided yesterday that Citizen S...
Inside News
SOCCER
Greek soccer officials in refereeing probe to face prosecutor on Sept 15
Eleven soccer officials were on Wednesday given until September 15 before they have to face prosecutor Aristidis Koreas, who is investigating allegations that the draws to decide which match...
ATHLETICS
Long jumper Tsatoumas takes Greeces second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
Inside Sports
COMMENTARY
Self-destructing political system
It finally seemed as if we had found some peace of mind. The vast majority of Greek MPs chose to abstain from festivities on August 15, also known as Assumption Day, thus sparing us from the...
EDITORIAL
Welcome movement
Many have spoken about the need to spur economic growth in this debt-wracked country, but very few officials seem to actually be doing anything meaningful to make this happen. Recent weeks h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. KEELPNO blames stomach bug for sick tourists on Rhodes
2. Primary surplus exceeds January-July target figure
3. KEPs to issue new and replacement driving licenses
4. EU funds reserved for waste facilities in northern Greece
5. Coalition mulls property tax changes
6. Interest in Kranidi growing but water is running low
more news
Today
This Week
1. Merkel cites euros construction flaws as economy sputters
2. Brussels warns Greece over plans to allow construction near Korinos beach
3. Second man held over double murder in Mani
4. Avramopoulos in US for talks with Hagel on possible Greek role in peace missions
5. Eurozone business growth slows in July, prices fall: PMI
6. Inspectors visit Rhodes to probe reports of mass food poisoning of hotel guests
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canadas fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Greeces recession eases as country nears end to six-year slump
6. Ministry sys no to debt collection agencies
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.