The European Investment Bank (EIB) on Thursday signed three new agreements amounting to 203 million euros to support the Greek economy, innovation and entrepreneurship. EIB President and Board Chairman Werner Hoyer signed the agreements with Education, Research and Religions Minister Costas Gavroglou and Environment and Energy Minister George Stathakis.
“I am very satisfied with the signature of these agreements, which aim to boost the Greek economy and its return to growth,” Hoyer said.
Of these funds, 138 million euros will be spent on nine Greek universities and 40 million euros will be lent to the Public Power Corporation (PPC) to upgrade its power networks and meters, with the introduction of smart metering.
A third agreement for 25 million euros was signed with the technology firm Upstream.
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