Saturday , February 24 2024
Home / News / Economy / Greece tops list of EU countries benefiting from Juncker’s investment Plan

Greece tops list of EU countries benefiting from Juncker’s investment Plan

Greece is at the top of the list of European countries benefiting from the Juncker plan that targets growth, based on the country’s annual economic output, according to a tweet from the European Commission on Friday morning.

The plan will trigger total investments worth 283.7 billion euros, representing 90% of the original target, the tweet adds.

The European Investment Bank has approved for Greece finance from the European Strategic Investment Fund of around 2.4 billion euros and is estimated to bring about investments of 9.2 billion euros for Greece.

On this EU list, Greece is followed by Estonia, Bulgaria, Portugal and Spain.

EU-wide results as of April 2018

EFSI expected to trigger €284 billion in investments
90% of the original €315 billion target met
384 infrastructure and innovation projects approved
398 SME financing agreements approved
around 611,000 SMEs expected to benefit

“The European Commission is confirming Greece’s first place in the development of the Juncker plan,” Alternate Economy and Development Minister Alexis Charitsis told Athens-Macedonian News Agency.

Charitsis adds that “the cooperation between our country and the European Commission and the European Investment Bank is producing significant benefits for the Greek economy.”

EU Commission Investment Plan results by country and sector here.

Check Also

Greece seeks to tax capital gains from cryptocurrency

Greece’s Finance Ministry and tax authorities are preparing to create a framework for the taxation …