The Hellenic Development Bank is launching a new program to support Greek businesses through resources from the Resilience and Recovery Fund, in the context of the activation of the Equity Platform tool of the “Greece 2.0” plan.
Through the “Q-Equity” program, 400 million euros will be invested in new venture investment funds that will aim to strengthen Greek entrepreneurship through investments, mobilizing at least an equal amount of private capital.
The project is implemented within the framework of the National Recovery and Resilience Plan “Greece 2.0” with the funding of the European Union – NextGenerationEU:
The goal of “Q-Equity” is to create a suitable environment of investment confidence for the activation of domestic investment funds, but also to strengthen the attraction of foreign investment funds.
The program will function alongside existing alternative sources of financing, as an additional financial tool that will contribute to strengthening the competitiveness and resilience of Greek businesses.
50% Participation
The Hellenic Development Bank will make investment decisions based on financial criteria and will participate, with a percentage of up to 50%, in newly established venture capital funds/private equity funds that will invest through equity/quasi equity tools in companies that maintain an establishment within Greek territory at the time of making the investment.
New financial tools
The Minister of Development and Investments, Mr. Adonis Georgiadis emphasized that the “Q-Equity” financing tool that is adding another link to the chain of initiatives and measures for the diverse support of Greek entrepreneurship and the implementation of investments in order to strengthen Greek businesses for the implementation of productive and innovative investments, which, in turn, will improve competitiveness and extroversion as well as increasing the Greek production base.
Support for SMEs
The Deputy Minister of Development and Investments, Mr. Yiannis Tsakiris noted that ‘Q-Equity’ and the contribution of the Recovery Fund, are laying the foundations for further smart financing for fast-growing businesses, while expanding the set of financing tools to support SMEs through venture capital.
Continuous funding flow
The managing director of the Hellenic Development Bank, Ms. Antigoni Lymberopoulou stated that the bank works seamlessly with the activation of Q-Equity in order to further strengthen the creation of new funds that will invest in Greek companies, through a very wide range of investment strategies. The bank’s goal, she said, is for its programs to have continuity and complementarity so that there is no funding gap in the market.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
