Greece, EBRD Signs MoU on Management of EU Recovery Fund Loans

ATHENS — Greece and EBRD on Monday signed a memorandum of understanding (MoU) on the management by the European Bank of Reconstruction and Development of loans worth 1.0 billion euros to finance private investments in Greece as part of the Recovery Fund.

The MoU was signed by Alternate Finance Minister Theodore Skylakakis and Charlotte Ruhe, managing director for Central and Southeastern Europe. It is the second similar agreement signed between the Finance ministry after the one with European Investment Bank (EIB)) for the management of loans worth 5 billion euros. Today's agreement signals the rapid start of a loan programm to create significant private investments in Greece, the Finance ministry said in an announcement.

Skylakakis said these new investments will facilitate the country's transition towards a green and digital economy and will help to achieve higher growth rates, creating new job positions in the coming years.


ATHENS - Greek retail commerce enterprises' turnover grew 22,1% in November 2021, totaling 2,86 billion euros, from 2,35 billion in November 2020 and up 1,9% from October 2021 (2,81 billion), Hellenic Statistical Authority said on Wednesday.

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US Congress represenatives Gus Bilirakis of Florida and Nicole Malliotakis of New York – both Republicans – assailed President Joe Biden's administration for no longer supporting the EastMed pipeline project by Greece, Cyprus and Israel.


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Meet Methuselah, the Oldest Living Aquarium Fish

SAN FRANCISCO — Meet Methuselah, the fish that likes to eat fresh figs, get belly rubs and is believed to be the oldest living aquarium fish in the world.

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