ECONOMY

Low interest loans for Greek tourism sector as part of EU-funded package

Businesses in Greece’s tourism sector will be able to obtain loans of between 10,000 and 30,000 euros at a low interest rate under an EU-funded scheme announced on Monday.

The businesses can apply for the loans at banks from May 31. The loans carry an fixed interest rate of 2.8 percent and are repayable over four years.

The scheme is being provided as part of National Strategic Reference Framework (ESPA).