Thessaloniki gets ready for its metro launch in November
The underground rapid transit lines have been under construction for almost two decades due to various project delays
Members of the EIB, EIF, and NBG at the signature ceremony on 24 June, Source: European Investment Bank (EIB)
This financial support will be available for SMEs, MidCaps, and large corporates
The past year and a half have caused significant damage to businesses, with many small and medium-sized enterprises (SMEs) being forced to shut down. Understanding that companies are at the heart of economic growth and national recovery, the European Investment Bank (EIB) and the European Investment Fund (EIB) have teamed up with the National Bank of Greece (NBG) to provide financial support for those who have been impacted by the COVID crisis.
The EIB has announced that EUR 1.125 billion of financing will be distributed to support SMEs, MidCaps and large corporates in Greece. This was agreed on Thursday 24 June at a signature ceremony in Athens. Taking this further, Chief Executive Officer of NBG Pavlos Mylonas, President of the EIB Werner Hoyer, EIB Vice President responsible for Greece Christian Kettel Thomsen, and Chief Executive Officer of the EIF Alain Godard agreed on this financial aid.
In a press release by EIB, Christian Kettel Thomsen commented: “The EIB’s latest cooperation with NBG comes at a crucial time for the Greek economy and together we will help Greek companies to contribute to national recovery. Deployment of the European Guarantee Fund marks the first time that the EIB has provided guarantees for business financing in the country and the first ever EIB support for financing for larger companies in Greece through a local banking partner.”
Soon after the outbreak of COVID, the EIB Group and EU Member States agreed on a model which would tackle the economic impact of the pandemic. Thus, they created the European Guarantee Fund: a EUR 25 billion pan-European fund that would protect businesses which have been hit hard by the effects of COVID.
Now, Greek companies of all sizes will be able to access financing that will help them overcome the challenges posed by the pandemic and allow them to invest for their future growth.
If you want to keep up with how European cities and regions are changing, follow us on Facebook, Twitter and Instagram.
The underground rapid transit lines have been under construction for almost two decades due to various project delays
Now you can get your wine in Talence by paying directly in Bitcoin
That’s because the state has to spend money on updating the railway infrastructure rather than subsidizing the cost of the popular pass
Rethinking renewable energy sources for the urban landscape
The examples, compiled by Beyond Fossil Fuels, can inform and inspire communities and entrepreneurs that still feel trepidation at the prospect of energy transition
Now you can get your wine in Talence by paying directly in Bitcoin
The 10th European Conference on Sustainable Cities and Towns (ESCT) sets the stage for stronger cooperation between the EU, national and local level to fast track Europe's transition to climate neutrality.
At least, that’s the promise made by the mayor of Paris, Anne Hidalgo
The underground rapid transit lines have been under construction for almost two decades due to various project delays
At least, that’s the promise made by the mayor of Paris, Anne Hidalgo
Hostal de Pinós is located in the geographical centre of the autonomous region
Despite its church-y name, the district has long been known as the hangout spot for the artsy crowds
Urban dwellers across the EU are having a say in making their surroundings friendlier to people and the environment.
Forests in the EU can help green the European construction industry and bolster a continent-wide push for architectural improvements.
Apply by 10 November and do your part for the transformation of European public spaces
An interview with the Mayor of a Polish city that seeks to reinvent itself
An interview with the newly elected ICLEI President and Mayor of Malmö
A conversation with the Mayor of Lisbon about the spirit and dimensions of innovation present in the Portuguese capital