Piraeus Bank, EIB agree 100 million euros of funding for Greek defence industry
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The European Investment Bank (EIB) and Piraeus Bank have signed an agreement to fund up to 100 million euros for small- and medium-sized defence companies in Greece. This initiative is part of EIB's broader plan to invest at least 3 billion euros in the EU's defence industry. Piraeus Bank's CEO stated that this funding could enable the bank to provide 200 million euros to support Greek companies in cybersecurity and defence. Greece aims to spend over 28 billion euros on arms procurements by 2035, with a significant portion allocated to domestic firms.
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