The Minister of Growth Kostis Hatzidakis and the board of the Greek Bank Association will meet this afternoon in order to discuss initiatives for taking better advantage of European funding and increase liquidity.
Today’s meeting will focus on taking advantage of financing available by the European Investment Bank, as well as the “Jeremie” and “Jessica” NSRF financing tools.
According to the Greek Bank Association’s report, the lack of fluidity is the prime problem experienced by small and medium-sized businesses. The report suggests a series so that such businesses have greater access to financing at lower rates.
The Greek Banking Association stresses the reduction of red tape and bureaucracy in future NSRF programs, as well as the need for a simplification of application procedure for monitoring, reporting and evaluating.
The Commissioner for Regional Development Johannes Hahn, who met with Mr. Hatzidakis yesterday, explained that “we have provided significant funds to small and medium-sized businesses, which have not yet reach everyone” and added he understands the need to refinance the banks “but the money will reach its final destination”
