Government plans to use EUR 8 bn to finance the greek market in 2016

Government plans to use EUR 8 bn to finance the greek market in 2016

Athens, December 28, 2015/Independent Balkan News Agency

By Spiros Sideris

The Greek government plans to finance the market with EUR 8 bn in 2016, says the economy minister Alexis Haritsis in an interview with the daily “To Vima”.

The resources that will be allocated from the Public Investment Program next year amount to EUR 6.75 bn, of which EUR 6 bn concern the co-financed part of EDP and the rest the national, the minister explains.

“These funds will be multiplied by the leverage that will be caused after they are put on the market”, he says.

As regards the other private funds, funding from international organizations (EIB, EBRD, IBRD, etc.), under certain conditions can reach as much as EUR 2 bn, adds the deputy minister responsible for the NSRF.

Haritsis explains that the new ESPA will boost small and medium infrastructure projects and that emphasis will be given on strengthening self-employed and small businesses. Priority will be given to sectors characterized by “openness, innovation and high added value”, on the eight main axis that have been identified at European level for the change of the productive model: agrifood, Life Sciences – Health – Drugs, Information and Communication Technologies, Energy, Environment and Sustainable Development, Transport, Materials – Construction and Tourism – Culture – Creative Industries.

He notes that the funds needed to finance projects remaining on the previous NSRF (2007-2013) have been secured, stressing that its planning had been “unsound and frivolous”, noting that there were projects that were included just a few days before or a few days after the January 25 elections.