Hellenic Fund for Entrepreneurship and Development

The government has committed itself to paying off all its expired dues to third parties by the end of 2020, with the exception of some special cases, whose repayment will be completed by end-2021, according to a detailed scheduled the Finance Ministry has sent to the country's creditors.

After four years of announcements and negotiations with the country's creditors, the bill for the creation of the Hellenic Development Bank was put up for public consultation this week.

Hundreds of small and medium-sized companies stand to get a much-needed cash injection through a loan refinancing program on offer at Eurobank and Piraeus Bank worth 200 million euros with an interest rate considerably lower than what is currently available.

By Evgenia Tzortzi

The Development Ministry intends to use three tools to support the country’s crisis-battered small and medium-sized enterprises (SMEs), in an effort to channel cash into the economy.