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European investment tool worth 26.2 billion euros adopted in Greece-

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  This week the European Commission EC the European Investment Bank EIB and the European Investment Fund EIF have adopted an investment tool of 26 2 billion euros 27 26 billion dollars The InvestEU program was signed in Athens on Thursday InvestEU is one of the main tools that we have in Europe to stimulate investment but not simply investments to disperse money to the market but investments focused on specific priorities that also define the new development model of the European Union said the vice rector of the European Commission said President Margaritis Schinas in Athens The program aims to unlock investments of more than 372 billion across Europe to support the EU s strategic priorities These include the European Green Deal and the digital transition In the context of the launch of InvestEU EIB Vice President Christian Kettel Thomsen jointly signed an agreement with the Greek government to provide 119 million in the form of a 25 year loan for the expansion and modernization of six research centers in Greece In addition a new contractual framework was signed for the EIF to manage another 400 million euros of financial support from the Recovery and Resilience Fund RRF investments in Greece to help small and medium sized companies in the country The first InvestEU projects in Greece are expected to be implemented in 2023 1 euro 1 04 USD Xinhua
European investment tool worth 26.2 billion euros adopted in Greece-

European Commission

– This week, the European Commission (EC), the European Investment Bank (EIB) and the European Investment Fund (EIF) have adopted an investment tool of 26.2 billion euros (27.26 billion dollars).

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The InvestEU program was signed in Athens on Thursday.

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“InvestEU is one of the main tools that we have in Europe to stimulate investment, but not simply investments to disperse money to the market, but investments focused on specific priorities that also define the new development model of the European Union”, said the vice-rector. of the European Commission. said President Margaritis Schinas in Athens.

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The program aims to unlock investments of more than €372 billion across Europe, to support the EU’s strategic priorities. These include the European Green Deal and the digital transition.

In the context of the launch of InvestEU, EIB Vice-President Christian Kettel Thomsen jointly signed an agreement with the Greek government to provide €119 million in the form of a 25-year loan for the expansion and modernization of six research centers in Greece.

In addition, a new contractual framework was signed for the EIF to manage another 400 million euros of financial support from the Recovery and Resilience Fund (RRF) investments in Greece, to help small and medium-sized companies in the country.

The first InvestEU projects in Greece are expected to be implemented in 2023. (1 euro = 1.04 USD) ■

(Xinhua)

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