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Add to Preferred SourcesThe European Investment Bank confirmed strengthened support for agriculture and agribusiness investment in Greece through existing credit lines with locally active banks and confirmed advanced discussions for new financial support for investment by young farmers across Greece.
The increased backing for Greek agriculture was confirmed following high-level discussions in Athens between Kostas Skrekas, Deputy Minister for Rural Development and Food and Andrew McDowell, European Investment Bank Vice President responsible for lending operations in Greece and global agriculture financing.
“Greece is a European leader in agriculture and agribusiness. As the EU Bank, the European Investment Bank, is committed to strengthening access to finance by farmers, agriculture and agribusiness across Greece. Today’s discussions with Minister Skrekas will help to strengthen the impact of EIB support for investment by young farmers. A new targeted product is expected to be launched as soon as the beginning of next year,” said Andrew McDowell, European Investment Bank Vice President.
To date in 2019, the European Investment Bank Group has provided nearly EUR 1.4 billion of new financing for private investment across Greece.
Original source: EIB
Published on 11 November 2019