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New green development plan by Piraeus Bank
The Ministry of Economy, Competitiveness & Shipping, the Ministry of Environment, Energy & Climate Change and Piraeus Bank, through its subsidiary ETVA VI.PE SA (a company owned 35% publicly and 65% by Piraeus Bank that manages 26 Industrial Areas in Greece), announced investments for environmental upgrading in the existing Industrial Areas and the creation of a new model of 'Green Business Parks'. This green development plan is set to reach €1,5 bn in the upcoming four-year period with the participation of ETVA VI.PE SA and private sector enterprises supported by the National Strategic Reference Framework. These green business initiatives will constitute a model for future development plans; will speed up investments in green technologies, placing Greece among the top countries in terms of percentage of GDP invested in the green economy. The plan includes five action thrusts: Α. Environmental upgrading of existing Industrial Areas (€ 70 mn.) Β. Energy investments in existing Industrial Areas (€ 350 mn.) C. Recycling sorting plants and composting units in existing Industrial Areas (€ 80 mn.) D. Creation of 3 new green Industrial Areas (Eco-Industrial Parks) (€ 440 mn.) Ε. 10 Integrated 'Environmental Business Parks' on islands (€ 560mn) PIRAEUS BANK GROUP 4, Amerikis street, GR-10564 Athens, GREECE
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