Alt. Economy minister Charitsis: Greece to expand cooperation with EIB

epa02773679 An exterior view of the European Investment Bank (EIB) Headquarters in Luxembourg, where Tajikistan's President Emomali Rahmon and Philippe Maystadt, the President of the European Investment Bank, withe their delegations met for talks, on 10 June 2011. EPA/NICOLAS BOUVY

“There is a widespread cooperation with the European Investment Bank which we will try to deepen even further in the future,” Alexis Charitsis, Economy Alternate Minister told ANA on Thursday.

Responding to a question by ANA on comments made by European Commission vice-president Vladis Dombrovskis that Greece was one of the four European states that received the largest per capita support from the European Fund of Strategic Investments in 2016, Charitsis said: “The basic element of our strategy was to develop a fundamental partnership with the European Investment Bank and this reflected in numbers. We proceed to a common planning with EIB for specific projects that need funding but we cannot fund through regular programs”.

He said that these projects were the line 4 of the Athens metro, expanding natural gas network in northern Greece, central Macedonia and easter Macedonia-Thrace and a linking of electricity grid between Crete with the country’s inland electricity grid.

Charitsis underlined that cooperation was expanding in other projects, such as a Holdings Fund, a project offering the ability to Greek small- and medium-sized enterprises to raise capital from foreign investments. EIB will also offer funds to suport the relaunch of “Saving” fund, expected to begin in the second quarter of 2017, aimed to support the construction sector.