Greece offers 700 million euros to TANEO Fund

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Greek Economy and Development Minister Yiannis Dragasakis on Monday signed a ministerial decision to fund the New Economy Development Fund (TANEO) with 700 million euros from the Public Investment Programme.

Under the decision, TANEO will use these funds to participate in newly set-up business funds investing in Greek research and development companies in the technology sector (50 million euros), in investment groups focusing on the production or promotion of “Made in Greece” brand products (50 million euros), in investment groups focusing on supporting enterprises needing restructuring/reorganisation in the manufacturing sector (150 million euros) and in newly set-up business funds investing in medium- and small-enterprises (Debt Fund) (450 million euros).

Source: ANA-MPA

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