Turkish nuclear plant.
yesterday. Small businesses form the backbone of Greece’s economy, which is gradually recovering from a multiyear deep recession. The credit facility is part of the European Union’s COSME program that seeks to improve the competitiveness of small-size firms. COSME offers loan guarantees to banks to help them increase lending with reduced collateral requirements. The financing can cover companies’ needs for working capital and investments in fixed assets. The European Investment Fund is 59.9 percent owned by the European Investment Bank. last month. The amount raised included 187.5 million euros in non-competitive bids. The sale’s bid-to-cover ratio was 1.64, up from 1.36 in the September 13 sale. In a rollover T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills is tomorrow.
Turkey’s atomic energy authority is working on the Akkuyu nuclear power plant and efforts to hold the groundbreaking by latest early 2018 are under way, Energy Minister Berat Albayrak said yesterday. Russia’s Rosatom said last month that it aims to start work on its Akkuyu project in southern Turkey by the end of March. Albayrak was speaking at the Turkish Energy Summit that took place in the southern province of Antalya.