How Greece ranks within EU countries
Total investment
November 2019
- Total financing under the European Fund for Strategic Investments (EFSI) in Greece amounts to €2.7 billion and is set to trigger €12.1 billion in additional investments
Infrastructure and innovation projects
- 19 approved projects financed by the European Investment Bank (EIB) with EFSI backing
- approximately €2.3 billion in total financing
- set to trigger €7.3 billion in total investment
Small and medium enterprises (SMEs)
- 14 approved agreements with intermediary banks financed by European Investment Fund (EIF) with EFSI backing
- €434 million in total financing
- set to trigger approximately €4.8 billion in investments with some 25,820 SMEs and mid-cap companies expected to benefit from improved access to finance
Examples of projects supported by the Juncker Plan in Greece
Agrifarm is a hub of five small-scale farms, which grow agricultural products – mainly pulses and rice – in a natural way. They focus on the effects of microclimate and the social impact of the business and base their production on intelligent agricultural management, maintaining natural resources without the extensive use of fertilizers or pesticides. They are also the first farmers in Greece to sell their produce in re-usable cotton bags. In order to increase capacity, Agrifarm obtained financing from Eurobank, guaranteed by the Juncker Plan.
Innovative batteries: SYSTEMS SUNLIGHT
A loan of €13 million is enabling battery producer Systems Sunlight to expand its manufacturing capacity by 65% to 2.5 million cells per year. The bigger plant in Xanthi will lead to a reduction in production costs as well as an increase in range of products, resulting in a boost in export volume. The company is also using the financing to invest research and development of new battery products. Currently Systems Sunlight’s batteries are most commonly found in cars and forklift trucks.
The EIB has provided €24 million in financing to Greece’s Terna Energy Group, supporting the construction and operation of three windfarms. The 18 turbines will be built in Dervenochoria and Tanagra in Viotia, central Greece. Located on top of mountain ridges north-west of Athens, at an altitude of between 800 m and 1,000 m above sea level, the wind parks will generate more than 120 GWh per year.
The EIB is lending Greek telecoms operator Cosmote €150 million to roll out high speed broadband across Greece. The financing will significantly increase the network's performance in terms of speed, capacity and coverage and improve the network's performance in more rural and remote areas of the country.
Full list of EFSI-backed projects approved by the EIB
Full list of EFSI-backed agreements with financial intermediaries signed by the EIF