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Athens Macedonian News Agency: News in English, 14-09-15

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Development minister meets with visiting German MPs

  • [01] Development minister meets with visiting German MPs

    ANA-MPA - The Institution for Growth in Greece (IfJ), Greece's investment fund, will give out its first loans from October to the end of November on an experimental basis, a Development and Competitiveness ministry official said on Monday following a meeting of Development Minister Nikos Dendias with MPs of the Federal Republic of Germany.

    The MPs were all members of the subcommittee on European Affairs of the German parliament's Budgetary Committee.

    The official said that small and medium-sized enterprises (SMEs) will be funded more easily starting next year (early 2015).

    The meeting between Dendias and the MPs focused on reforms in Greece and the German Development Bank's (KfW) participation in IfJ with 100 million euros.

    The six deputies include Bernhard Schulte-Druggelte, Alois Karl, Helmut Heiderich, all of CDU/CSU; Ewald Schurer, Sonja Steffen, both of SPD; and Manuel Sarrazin (BU90/GR), all members of the sub-committee of European Affairs of the German parliament Budget Committee.

    In comments following the meeting, Dendias said that the IfJ would "help the liquidity of Greek SMEs in order to fight the threat we are facing, which is youth unemployment."

    Dendias also asked the German MPs for assistance in changing rules so infrastructural funds can be used to subsidise interest on loans taken out by the SMEs.

    According to ministry officials, the minister met earlier with Google officers to provide technical know-how so that young entrepreneurs are supported. They also said an updating of the bankruptcy laws were planned to include individuals besides companies.

    MP Schulte-Druggelte, head of the CDU/CSU, expressed satisfaction that the Greek government had included second-chance entrepreurship in its business model.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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