Chryssohoidis addresses BSTDB event; CDB China exec presence

Final decisions for the establishment of the Hellenic Investment Bank will be made by the end of 2011, Development, Competitiveness & Shipping Minister Mihalis Chryssohoidis stressed on Friday, speaking in a Black Sea Trade and Development Bank (BSTDB) event in Thessaloniki.
Earlier, Chryssohoidis had a meeting with European Investment Bank (EIB) vice-president Matthias Kollatz-Ahnen to discuss the development bank’s assistance in enhancing liquidity in the Greek economy and small-medium sized businesses.
Speaking at the BSTDB event, Chryssohoidis underlined the need for a “new developmental model for Greece” and the importance of “business activism”. He characterized the planned investment bank as “crucial and vital initiative for the materialization of the plans aimed at providing substantive support to the private sector and investments”.
Chryssohoidis stressed that Greece will be able to overcome the crisis and reminded that in the first half of 2011 exports increased 40.4 pct compared with the same period last year, while more than 3,000 Greek and foreign companies were established in the past five months taking advantage of the One Stop Shop services.
Referring to the community funds management system, he said that it is being reorganized and that in the period of March-August 2011 more than 1,000 new projects with an estimated budget of 3.19 billion euros were included in the National Strategic Reference Framework (ESPA).
Speaking on the sidelines of the BSTDB event, Sun Yougang, an executive of CDB China’s largest development bank, expressed interest in financing Greek banks and small-medium Greek shipowners, who wish to have their ships built by Chinese shipyards, while he stressed that more Chinese investments will be made in Greece in the coming years.

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