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EBRD investments in Greece reached 838 mln euros in 2021

The European Bank for Reconstruction and Development’s investments in Greece totaled 838 million euros ($938 million) last year, it said on Thursday, making the country one of its top five funding recipients.

More than half of last year’s investments were in green projects, a 20% increase over 2020 when EBRD’s total funding in Greece reached 797 million euros.

Since 2015 the bank has funded more than 5 billion euros of projects in Greece.

“The EBRD is working with the Greek authorities on implementing the country’s Recovery and Resilience Plan, part of the European Union’s Recovery and Resilience Facility, and on deploying the funding to the Greek economy,” the bank said.

The EBRD’s involvement in Greece will focus on five priority areas, it said – green transition, digitalisation, exports, economies of scale and innovation. It expects funding to reach up to 1.0 billion euros this year.
Source: Reuters (Reporting by George Georgiopoulos; Editing by Jan Harvey)

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