Turk­ish nu­clear plant.

Kathimerini English - - Focus -

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.

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