- Hellenic Foundation for Research & Innovation (HFRI) to benefit from fresh investments in the form of €143 million loan
- EIB support aims to mitigate “brain drain” and create job opportunities for highly skilled research professionals
- EIB Group releases 2023 annual results – with total financing committed in the country reaching €2.5 billion, the fourth-highest among all EU countries as a share of GDP.
The European Investment Bank (EIB) announced a new €143 million loan to support the Hellenic Foundation for Research and Innovation’s (HFRI) research and development (R&D) activities in public higher education institutions and research centres across Greece.
At the same time, the EIB Group, which consists of the European Investment Bank (EIB) and the European Investment Fund (EIF), released its annual results for Greece, reporting another year of impressive engagement in the country, with record support for economic and social cohesion projects and overall financing signed in 2023 reaching €2.5 billion.
The new investment with the HFRI was announced in Athens at a special ceremony at the Ministry of Economy and Finance, and follows a €180 million loan in 2016 to finance the establishment and initial operations of the Foundation. The operation will further strengthen the country’s early-stage R&D capabilities and innovation capacity. It will also enable experienced researchers to advance their career and research, and provide job and training opportunities to young researchers, preventing “brain drain”, while also fostering the EU’s economic, social and territorial cohesion in line with European Research Area (ERA) objectives.