The European Investment Bank (EIB) today signed a EUR 15 million financing agreement with Creta Farms SA, marking the first EIB transaction in Greece that benefits from the support of the European Fund for Strategic Investments (EFSI), the financing arm of the Investment Plan for Europe. Creta Farms will use the new finance to develop new product lines in the cold cut meat and dairy food industry. The investment will improve the company’s competitiveness, both domestically and in export markets, and help to create more than 100 quality new jobs in Greece. Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “Today is a very important day for Greece under the Investment Plan for Europe: the first EIB project to be financed by the European Fund for Strategic Investments (EFSI) is being signed. Creta Farms will use the new finance to invest in RDI and grow their innovative, agri-food business. I hope many more Greek companies in food, industry and tourism will soon benefit from the Investment Plan. I encourage companies in Greece to make use of the expertise at the EIB which has established an expanded team in Greece, as well as the European Investment Advisory Hub."
