Minimum Interest Rate on Greek Recovery Fund Loans Set at 0.35% — Greek City Times

The Greek Ministry of Finance has set a stable minimum interest rate of 0.35% on loans to be offered under the “Greece 2.0” Recovery and Resilience Fund, in accordance with the decision taken by Minister of Finance Christos Staikouras and Deputy Minister Theodore Skylakakis.

This specific term on interest rates covers all loan agreements to be signed between the banks participating in the program and the eligible investors.

However, the interest rate could be higher.

READ MORE: Mitsotakis announces the Co-Lab for the digital and green transformation of the tourism industry.

A total of six credit institutions participate in the “Greece 2.0” program: European Investment Bank, European Bank for Reconstruction and Development, National Bank, Piraeus Bank, Alpha Bank, Eurobank, Optima Bank and Pancretan Bank.

The Greek government has already defined evaluation criteria for the investment plans to be included in the Recovery and Resilience Fund, which will cover five pylons: green transition, digital transformation, innovation-research and development, creation of economies of scale through partnerships, mergers and acquisitions and outsourcing. .

READ MORE: Greek Development Minister predicts GDP growth of at least 5% in 2022.

Keywords:
Christos Staikouras, EU Recovery Fund, news from Greece, Greek economy, Greek interest rate, Greek news, interest rates, recovery fund, Skylakakis, Staikouras, Theodore Skylakakis

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