the european investment bank

The Ministry of Climate Crisis and Civil Protection has accused the President and officials of SYRIZA of deliberate and complete distortion of the truth, responding to comments by Kasselakis, who claimed that absorption of the civil protection programs from the Recovery Fund is only at 1%.

The first investments by the Cyprus Equity Fund, set up by the Cypriot government in cooperation with the European Investment Fund (a subsidiary of the European Investment Bank) and with a total budget of 37.5 million euros, are expected to begin this fall, so as to cover the financial gap in the fields of entrepreneurship and innovation.

The European Investment Bank (EIB) and Greece's four systemic banks have agreed to a new collaboration in the form of a 700 million-euro guarantee program to support mid-caps in Greece.

The European Investment Bank (EIB) is lending Greek energy company DEPA Commercial a total of 390 million euros to build and operate solar-energy farms across the country.

The EIB funding covers 75% of total cost of the new photovoltaic (PV) sites, which is expected to reach up to €521 million. DEPA Commercial will create PV farms in western Macedonia, Thessaly and Central Greece.

The European Investment Bank will provide advisory services to the Athens Water Supply and Sewerage Company (EYDAP) in Greece to support the company's 2-billion-euro, 10-year investment program to ensure the Greek capital has a more resilient water supply.

Finance Minister Kostis Hatzidakis insisted on Friday that it is necessary for the European Investment Bank (EIB) to take on a greater role in strengthening the defense capability of Europe.

Greece is establishing its own National Investment Fund and will hand it a launch gift of 300 million euros.

The gap in productive investments in Greece remains large, as they represent approximately 12% of the country's gross domestic prouct, compared to approximately 16% of GDP in the European Union, according to the annual investment survey of the European Investment Bank for 2023, presented on Thursday in Athens by its chief economist, Deborah Revoltella.

The European Investment Bank has injected over 5 billion euros into various projects in Cyprus, contributing significantly to the island nation's development, Kyriakos Kakouris, vice president of the EIB, stated last week.

Three Cyclades islands - Sifnos, Serifos, and Folegandros - have been named among Europe's seven most endangered heritage sites for 2024, as announced this week.