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The European Investment Bank agreed to continue support for new priority investment across Greece intended to enhance energy efficiency and tackle climate change, improve small business competitiveness, accelerate research and innovation, and support health, education, culture and urban regeneration initiatives across Greece.

The EUR 18.6 billion investment programme under the Partnership Agreement 2014-2020 has been successfully supporting small and medium sized priority schemes across Greece since 2014 and ensuring that high-impact projects essential for sustainable development and economic recovery are not delayed.

The latest European Investment Bank loan for priority investment in Greece was signed at the Ministry of Finance in Athens by Andrew McDowell, European Investment Bank Vice President, Christos Staikouras, Minister of Finance and Governor of the European Investment Bank and Yannis Tsakiris, Deputy Minister of Development and Investments. Adonis Georgiadis, Minister of Development and Investments, and Kostas Karamanlis, Minister of Infrastructure and Transport were also present.

The EUR 150 million loan agreement signed today represents the latest EIB support for the Greek Partnership Agreement. The EIB is providing a total of EUR 1.7 billion for the Greek national contribution to the investment initiative that will be used alongside European Structural and Investment Funds.

Strengthening climate action in Greece.   The investment programme is expected to enable new smart energy, energy efficiency, and renewable energy projects across Greece and improve water and waste management. The initiative is expected enable significant support for climate action by reducing carbon emissions and helping projects adapt to a changing and more extreme climate.

Improving education, health and urban regeneration.   In recent years the investment programme has supported small scale investment in schools, hospitals and health centres across Greece as well as backing regeneration and economic development in communities across Greece.

Helping companies to expand and develop business skills.   The new EIB loan agreed will enable the investment programme to expand support for SMEs across Greece, including helping companies to develop new markets and improve competitiveness. The scheme is also helping to improve skills and capacity building in businesses