The EIB in Greece
The EIB invested over EUR 1.5 billion in the Greek economy in 2016. Financing for small businesses accounted for 75%, with an additional 22% for innovation and 3% for infrastructure projects. Over the past five years (2012-2016), the EIB has invested EUR 6.4 billion in Greece.
The total investment of the EIB Group (the European Investment Bank and the European Investment Fund) in Greece in 2016 was EUR 1.63 billion.
When an economic crisis hits, people move elsewhere to find financial security. For highly qualified researchers, it’s easier to find those jobs and many leave. But a brain drain can make it still harder to recover from economic shocks. Find out how the EIB helps the Hellenic Republic stem the flow.
The European Investment Bank, the EU bank, loaned EUR 15 million to Creta Farms in June 2016. The loan is backed by EFSI’s EU budget guarantee and EIB resources, which aim to trigger EUR 315 billion of investment across Europe by 2018. It was needed because Greek banks are reluctant to lend in the wake of years of economic upheaval. The loan will help finance expensive advances in Creta Farms’ oliving technology, as well as its international expansion.
How to receive EIB support in Greece:
- For large projects, contact us directly at head office or our Athens office.
- For smaller projects (generally less than EUR 25m) contact our local partners.