A new financing agreement has been signed between the Greek Development Bank and TMEDE to extend the operation of the Guarantee Fund until December 31, 2026.
A renewal of the financing agreement has been signed between the Ministry of National Economy and Finance, the Greek Development Bank (EAT), and the Fund of Public Works Contractors Engineers (TMEDE), which aims to continue the operations of the Guarantee Fund EAT-TMEDE until December 31, 2026. This fund has received positive feedback from the technical and construction-consultative sectors, indicating its significant impact in facilitating financial access for small and medium enterprises (SMEs).
The extension of this funding tool until the end of 2026 aligns with the strategic objectives of both institutions to consistently enhance the financial access of SMEs under favorable terms. It is part of broader efforts to support technical professions and strengthen the developmental prospects of the Greek economy, particularly during a period of increased investment needs in infrastructure, energy transition, and sustainable development. This strategic move comes at a critical time when financial support can significantly influence the viability of projects in these sectors.
Overall, the Guarantee Fund EAT-TMEDE represents the first public-private partnership established by the Greek Development Bank, emphasizing its importance in promoting collaboration between the public sector and private entities. This initiative not only assists in bolstering the economy by facilitating financing for SMEs but also demonstrates a commitment to enhancing infrastructure and sustainable development across Greece.
