Greece will receive a total of € 370 million in European Investment Bank (EIB) loans for climate action and knowledge economy, the bank said on December 7. According to an EIB announcement, € 130 million will go to the Public Power Corporation (PPC) to promote energy security and efficiency in Greece; € 100 million will go tο support school facilities throughout Greece; €140 million will help small and medium-sized enterprises (SMEs) and mid-sized companies (mid-caps) in Greece.

This loan, in tandem with Alpha Bank, will support investments in tangible assets as well as working capital, mainly in the fields of manufacturing, services and tourism. The new loans totalling € 370 million, signed for energy, schools and SMEs in Greece, contribute to the development of key areas in Greece, and at the same time constitute a firm step towards economic recovery, EIB vice president Dario Scannapieco said.

"Now is the time to work together to restore growth, which can only come from viable infrastructure and dynamic enterprises that harness innovation and advance opportunity," he added.