Greece will set up development bank to finance infrastructure projects

Greece will set up development bank to finance infrastructure projects

Greece is on the verge of setting up a development bank to finance startups, infrastructure projects, small businesses as well as export oriented companies, as the government's economic policy council informed on Friday.

The Hellenic Development Bank is going to be a state lender, which will complement commercial financial institutions to assist to fund surge as well as regional projects.

The bank will look for the participation of other state entities with adequate funding capacity to participate in its share capital and also cooperate with international financial institutions.

Greece's economy, heavily affected by the country's debt crisis, is currently struggling to revive after a multi-year deep downtime.

Other European development banks have been providing funds for investments. For instance, the European Bank for Reconstruction and Development is going to pump funds in Greece until the end of 2020 and actually hopes by 2018 its funding will hit the 2.0 billion euro mark.

Similar

NZ Retail Sales

Statistics New Zealand will announce the country’s retail sales data at 11:45 MT time on February 23…

nzd

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera