x

Politics

Skylakakis Addresses Call to Investors to Make Use of Recovery and Resilience Fund

November 6, 2022

ATHENS – Alternate Finance Minister Thodoris Skylakakis addressed a call to investors to take advantage, in time, of the loan tool of the Recovery and Resilience Fund, as long as interest rates are as low as they are today (0.35% for very small and small businesses and 1% for medium and large ones), at an event on the “Opportunities and Prospects of ‘Greece 2.0”, held in Rhodes.

Referring to the innovations that characterize the loan part of “Greece 2.0”, he pointed out: “It has some characteristics that have never existed in an investment instrument in Greece, nor in any other European country. Ministers from other European states (e.g. Lithuania) are asking for the know-how to do something similar in their country. A new element in this investment tool is that the investment decision is made when the company submits the complete plan, while within 2.5-3 months it has signed a contract with the Bank and received the money provided for in this contract. Another innovation is that in this particular process there is no signature of a public official or a politician, from the time the company submits the plan until it receives the money.”

Skylakakis emphasized that this is a tool that can accommodate investment plans totaling 30 billion euros. So far, proposals have been submitted, with a budget of 8.22 billion euros, of which projects amounting to 1.8 billion euros have already been contracted, while the rest will be contracted within the next 3-4 months.

RELATED

ATHENS - The ballot paper for the upcoming European elections was presented by the leader of SYRIZA - Progressive Alliance Stefanos Kasselakis, on Friday night at the 'Hellenic Cosmos' Cultural Center.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Indians Vote in the First Phase of the World’s Largest Election as Modi Seeks a Third Term

NEW DELHI (AP) — Millions of Indians began voting Friday in a six-week election that's a referendum on Narendra Modi, the populist prime minister who has championed an assertive brand of Hindu nationalist politics and is seeking a rare third term as the country's leader.

NEW YORK – The iconic Greek singer Haris Alexiou appeared on a billboard at the famous ‘Crossroads of the World,’ Times Square in New York on April 18 as the face of a global campaign for equality in the music industry, Athens Voice reported.

ATHENS - The ballot paper for the upcoming European elections was presented by the leader of SYRIZA - Progressive Alliance Stefanos Kasselakis, on Friday night at the 'Hellenic Cosmos' Cultural Center.

ATHENS - The Prime Minister Kyriakos Mitsotakis visited the upgraded port of Sigri in Lesvos as part of his tour of the island on Friday.

ASTORIA – Danae and Hellenic Aesthetic announced the launch of their collaboration ‘Dressing the Table’ on the Hellenic Aesthetic blog on April 17, noting that “the inspiration behind this project is to bring new life into our forgotten family heirlooms, like hand-embroidered tablecloths, so we can enjoy them in a modern way.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.