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.
With the COVID-19 pandemic all but forgotten - despite still hospitalizing and killing people - tourists in 2023 returned to Greece in such numbers the sector is on a path to break records set in 2019 before the Coronavirus struck.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
BCHARRE, Lebanon (AP) — Majestic cedar trees towered over dozens of Lebanese Christians gathered outside a small mid-19th century chapel hidden in a mountain forest to celebrate the Feast of the Transfiguration, the miracle where Jesus Christ, on a mountaintop, shined with light before his disciples.
NEW YORK (AP) — Before she's ready to talk about her memoir, Barbra Streisand needs to pull herself away from current events.
The holidays are approaching and nearly 90% of millennials and Gen Xers will soon head to the kitchen to participate in one of America’s most popular traditions: baking.
There was so much promise six weeks ago.
DUBAI, United Arab Emirates (AP) — The United Nations weather agency is reporting that glaciers shrank more than ever from 2011 and 2020 and the Antarctic ice sheet lost 75 percent more compared to the previous ten years, as it released its latest stark report about the fallout on the planet from climate change.
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