Its loans already include investment projects totaling 1.8 billion euros. Recovery Fund. According to the information provided yesterday to the Standing Committee on Economic Affairs of the Parliament by the Deputy Minister of Finance Theodoros Skylakakisby the end of October, 41 loan agreements had been signed, corresponding to the above amount of 1.8 billion euros.

Of this amount, 824.4 million euros are loans from the Recovery Fund, 549.4 million euros – loans from commercial banks, and the remaining 439 million euros – the share of investors.

According to the Ministry of Finance, the average interest rate on the concluded loan agreements is 1.1%, and the average loan maturity is 11 years.

Most of the investment projects (43%) that have been awarded contracts are covered by the Green Transition of the Greece 2.0 National Plan. The rest (57%) belong to one of the pillars: extraversion, digital transformation and innovation, research and development. In fact, some of the 41 plans deal with more than one component. And the contribution of loan agreements to the climate and digital goals of the national plan is 36% and 28%, respectively.

In total, 210 investment projects have been submitted to Greece 2.0 so far, which are at various stages of the program (for example, evaluation, pre-approval, approval, contracting). Their budget is 8.22 billion euros (3.48 billion euros of TAA loans, 2.74 billion euros of bank funds and 2 billion euros of own participation). In fact, out of 210 investment projects, 112 totaling 1.73 billion euros come from small and medium-sized businesses.

The presented investment proposals relate to various sectors of the economy, incl. services, transport, tourism, manufacturing, energy, trade and construction.

Among the investment projects worth 1.8 billion euros, for which contracts have already been concluded, the largest are the following:

By the end of October, 41 loan agreements worth EUR 1.8 billion had been signed.

• Hellenic Telecommunications Organization: €187.5 million investment in fiber to the home project and broadband network infrastructure projects in areas outside of Athens and other major cities.

• Sunlight Group: Investment of 105 million euros to expand and modernize existing production facilities, including through the construction of new energy efficient buildings and the addition of modern mechanical equipment. An additional investment of 70 million euros by the same company for the same purpose is financed by another bank.

• DEMO Anonymous Pharmaceutical Commercial Company: Investment of 159.2 million euros in the construction of an industrial complex for the production of medicines, as well as research and development projects for new pharmaceuticals.

• Olympic Commerce and Tourism Business: €260 million investment to supply a fleet of electric and plug-in hybrid vehicles. An additional investment of 140 million euros by the same company for the same purpose is financed by another bank.

• Tourist and commercial company Autohellas Anonymos: Investment of 170 million euros to supply a fleet of electric and plug-in hybrid vehicles.