ECONOMY

First four contracts to fund small firms signed by IfG and banks

The first four funding contracts of the Institution for Growth in Greece (IfG) fund with small and medium-sized enterprises were signed in Athens on Monday in the presence of Prime Minister Antonis Samaras and the executive vice president of German investment bank KfW, Christian Funke.

The four companies have signed deals with Piraeus Bank and Eurobank to receive loans of 300,000 to 500,000 euros with a competitive interest rate.

They are dairy company Delfoi, Valampous Vineyards, Realize IT firm and ELANKO chemicals.

All deals involve the IfG’s first sub-fund, which controls 200 million euros.