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Priority investment in high-impact small scale projects across Greece will be accelerated following agreements signed by the Minister of Finance of the Hellenic Republic and Governor of the European Investment Bank, Christos Staikouras, Deputy Minister of Development and

Investments of the Hellenic Republic, Yannis Tsakiris, European Investment Bank President, Werner Hoyer and EIB Vice President responsible for Greece,Christian Kettel Thomsen.

This key agreement will enable schemes under the Greek 2014 – 2020 Partnership Agreement between EU and Hellenic Republic to be smoothly financed and increase economic and social impact. The latest EUR 200 million EIB financing represents the final tranche of EUR 1.7 billion European Investment Bank support for the Greek national contribution to EU structural fund backed priority investment across the country, which are co-financed by the EU Structural and Investment Funds. This will enable projects under the EUR 18.6 billion six-year European Union programme to be completed or expanded to increase economic and social impact.

Unlocking high impact investment across key sectors.    Confirmation of EIB financing will accelerate crucial investment in research and innovation, communications, sustainable transport, water, waste, renewable energy and energy efficiency, health, education and urban regeneration projects across Greece.

Enhancing climate action in Greece.    More than 25% of the projects will reduce climate emissions and reduce the impact of climate change and help Greece to contribute to global climate goals.

This includes schemes to cut energy bills and carbon emission by improving energy efficiency, smart energy distribution and improving water management.

Increasing EIB cooperation with Greek authorities.    During the visit to the EIB the Deputy Minister of Development and Investments, responsible for Public Investment and Structural Funds in Greece, discussed ways to increase technical cooperation with the EIB to enhance the impact of future investment in the country with President Hoyer, Vice President Kettel Thomsen and the EIB’s dedicated Investment Team for Greece.