Greek National Economy and Finance Alternate Minister Nikos Papathanasis and the chairman and CEO of Hellenic Development Bank George Zavvos on Thursday signed a funding agreement for the creation of a new Portfolio Fund “TEPIX III” to support the development of small- and medium-sized enterprises and startups, ANA reports.
The initial budget of the Fund will be 500 million euros, which is expected to rise to 2.1 billion euros with leverage from the banking system. The Fund’s goal is the create funding tools for the support and development of SMEs, medium-cap enterprises, and startups and to facilitate access to funding sources.
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