2020 was a record year for the EIB’s funding in Greece. The European Investment Bank injected 2.8 billion euros to support: energy transition and renewable energy resources road safety improvement upgrading school buildings protection from flooding targeted credit lines of 11 leading Greek banks companies’ access to inclusive finance agricultural investments and businesses operating in areas most [...]
Greece and Israel have agreed to allow free travel for all Israelis that have received a COVID-19 vaccine and wish to visit Greece. The decision will be put into force once flight restrictions are lifted. The agreement was signed during the working visit of Greek Prime Minister, Kyriakos Mitsotakis, to Jerusalem. Israel’s Prime Minister, Benjamin [...]
Peering into the crystal ball by Antonis D. Papagiannidis The expectation/promise that the Recovery and Resilience Facility would reboot the Greek economy has caused a thicket of debates to spring up. Most have to do with the how and when of initiatives to be undertaken (and funded…) under the RRF. Quite recently, a workshop set [...]
Greece has decided to reopen its embassy in Tripoli, Libya. In parallel, Greece starts procedures to open a Consulate General in Benghazi. The decision, announced by the Greek Ministry of Foreign Affairs, came after the election of the interim President of the Presidency Council, Mohammad Menfi, its Members and the Prime Minister of Libya by the [...]
An amended Investment Agreement between Eldorado Gold' s subsidiary, Hellas Gold and the government of Greece puts an end to years of permit delays and to protests of environmental groups that tried to prohibit the operation of the Skouries gold mine. The amended Agreement provides a new legal and financial framework to allow for the [...]
The fourth successive reduction of Greece’s debt was approved today by the European Financial Stability Facility (EFSF). It will remove €122.5 million from the country’s debt obligation. The EFSF Board of Directors gave the “green light” to reduce to zero the step-up margin accrued by Greece for the period between 17 June 2020 and 31 [...]
Driven by the squeeze on public finances due to the pandemic, the Greek government is speeding up the process of monetizing public assets. In the first quarter of 2021, tender processes will be launched for a number of state properties, currently under the auspices of the Hellenic Republic Asset Development Fund (HRADF). First in line [...]
The boom-and-bust routine of expectations from the EU by Antonis D. Papagiannidis On one side growing vaccination nationalism, already pitting the EU against the U.K. – a Member State until some weeks ago – in the AstraZeneca quarrel; on the other side, the crumbling pretense of Covax, the WHO initiative to help lower-income countries join [...]
Russia has decided to resume bilateral international air service with Greece, starting February 8. The decision was announced during the visit of the Russian Deputy Foreign Minister, Alexander Grushko, in Athens. "It is an open secret that the Greek tourist sector has been hit hard. The relationship between our countries also relies on this element [...]
Greece and the European Investment Bank (EIB) formally agreed on a new 595 million euro European Investment Bank loan. Long-term financing and shared technical best-practice will help to transform disaster prevention and response to pandemics and natural disasters including floods, forest fires and earthquakes in all 13 Greek regions. "Over recent months technical and financial [...]
