European Fund for Strategic Investments: first deal signed in Greece

Avramopoulos Gilibert_thessaloniki_embassynews

European Fund for Strategic Investments: first deal signed in Greece

10/05/201609/05/2016 ENstaff Avramopoulos, business, crisis, economy, EFSI, entrepreneurship, European Fund for Strategic Investments, European Investment Fund, Greece, medium-sized enterprises, ProCredit

The European Investment Fund (EIF) and ProCredit group have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Greece.

Photo: © Europen Parliament/P.Naj-Oleari
pietro.naj-oleari@europarl.europa.eu

econ/biz

Commission on Greek economy: Growth to return in second half of 2016

04/05/2016 ENstaff crisis, economy, EU, European Commission, European Union, forecasts, Greece, programme review, reforms

Growth is expected to resume in the second half of 2016 and to pick up in 2017 thanks to the return of confidence and the impact of structural reforms. Following stronger than expected public finances in 2015 and the additional fiscal package currently finalised by the Authorities, the general government balance is expected to improve further.

econ/biz

PM Tsipras: ‘Greece’s economy is on the threshold of exiting the crisis’ – interview with Euronews

22/04/2016 ENstaff crisis, debt, deficit, economy, Euronews, fiscal policy, Greece, interview, Tripras

Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to overcome its crisis for good, Prime Minister Alexis Tspiras told Euronews in an interview.

european union foreign affairs

PM Tsipras meets Europarliament president Schulz in Strasbourg

14/04/201615/04/2016 ENstaff economy, European Parliament, Greece, institutions, Memorandum, negotiations, programme review, Quartet, Schulz, Tsipras

Greece and the institutions must stick to the agreement reached last July and the country’s program review must conclude as soon as possible, the head of the European Parliament Martin Schulz said yesterday, after a meeting with Prime Minister Alexis Tsipras in Strasbourg.

econ/biz

IMF on global economy

13/04/2016 ENstaff economy, fiscal policy, growth, IMF, structural reforms, unemployment, WEO

Global growth continues, but at a sluggish pace that leaves the world economy more exposed to risks, says the IMF’s latest World Economic Outlook (WEO).

econ/biz

“Exports and Investments in South Africa”

12/04/201612/04/2016 ENstaff business, economy, Embassy of South Africa, investments, South Africa, trade

The South African Embassy in Athens is co-organizing a conference on the economic prospects of the country, as well as the opportunities offered in commerce and trade.

foreign affairs

Prime Ministers or Greece and Portugal sign declaration against austerity

12/04/2016 ENstaff Alexis Tsipras, Antonio Costa, austerity, economy, European Union, Greece, Portugal, refugee crisis

Greek Prime Minister Alexis Tsipras and Portuguese Prime Minister Antonio Costa emphasized the need for a joint refugee policy, based on solidarity.

econ/biz

Tackling poverty and inequality in Greece is crucial to recovery from crisis, says OECD

10/03/2016 ENstaff crisis, economy, EU, European Union, Greece, investments, jobs, OECD

Weak economic growth and bank recapitalisation needs have pushed up Greece’s already high public debt. Reaching an agreement with creditors on significantly extending maturities and repayment grace periods could assure low and stable gross finance needs over the long-term and reduce uncertainty, the survey says.

Dijsselbloem Moscovici_EU Newsroom_embassynews

econ/biz european union

Dijsselbloem and Moscovici on the Greek programme

08/03/201608/03/2016 ENstaff crisis, Dijsselbloem, economy, Greece, Moscovici, negotiations, troika

Dijsselbloem: “Mission chiefs will return to Athens… There is enough common ground, enough preparation has been done for their mission to continue, hopefully to work towards a successful completion. We realise that if we want to complete, fully comply to what has been agreed this summer, more work will have to be done.”

econ/biz european union

Moscovici on programme review: ‘A good agreement could be reached’

07/03/201608/03/2016 ENstaff crisis, economy, EU, Eurogroup, European Commission, Greece, Moscovici, programme review

Moscovici: “I am very pleased with today’s agreement that will allow institutions’ head representatives to return to Athens tomorrow to continue discussions on the review of the programme.”

interviews people

Ambassador of Norway:”The challenge for the Greek economy is its competitive edge and its business climate” [interview]

07/06/2016 ENstaff

The Ambassador of Norway in Athens, His Excellency Jørn Eugene Gjelstad, spoke to EmbassyNews.net and commented on the current developments in Greek and European politics, the economy and the refugee crisis.