Summary sheet
The project will finance Creta Farm's expansion plan through the development of new product lines in the premium branded meat snack and dairy segments based on the company's Oliving technology and with enhanced taste and health properties. The project costs incorporate the company's research, development and innovation (RDI) expenses and innovation-related capital expenditure (Capex) investments at its production facility in Crete over the period from 2016 to 2019.
The project is expected to maintain and increase the promoter's know-how in the premium branded meat snack and dairy segments, and its international expansion through exporting and licensing. Furthermore, the transaction would bring financial support to a Greek company which has constantly been contributing to employment in Greece.
The promoter's production facilities are certified under the highest industry and quality standards. The project is deemed to meet EIB environmental and social standards and is therefore acceptable for the Bank's financing.
The promoter is a private company not operating in the utilities sector and not having the status of a contracting authority. Thus it is not covered by EU directives on procurement.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
Documents
News & Stories
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications