Greek lender Eurobank on Tuesday announced it has signed new agreements with national and European institutions to finance small- and medium-sized enterprises in Greece, according to ANA.
Specifically, the European Investment Fund (EIF) and Eurobank signed a new extension of their initial agreement, in the context of the COSME programme, for an additional amount of 390 million euros. With the new agreement the total amount for funding very small, small- and medium-sized enterprises (SMEs) in all sectors, including tourism, has reached 650 million euros. The COSME programme (with a total budget of 2.3 billion euros for the period 2014 – 2020) aims at improving the competitiveness of companies, especially small and medium-sized ones (SMEs). In particular, the financial tool, COSME Loan Guarantee Facility, provided in the context of the COSME programme, provides guarantees to the financial institutions to increase their financing to SMEs with reduced collateral requirements.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: Joehawkins License: CC-BY-SA
