Greece ranks first among EU countries in terms of the investments triggered relative to its GDP through the European Fund for Strategic Investments (EFSI), European Commission Vice President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen said on Thursday, according to ANA.
The EFSI is supporting 18 approved infrastructure and innovation projects in Greece, which are funded by the European Investment Bank with EFSI backing. The total financing amounts to 2.3 billion euros that is expected to mobilise total investments of 7.2 billion euros.
It is also backing 12 approved agreements through intermediary banks, which are financed by European Investment Fund (EIF) with EFSI backing. The total financing given is 404 million euros, which is set to trigger approximately 3.7 billion euros in investments, with some 20,818 Greek SMEs and mid-cap companies expected to benefit from improved access to finance.
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