Looking for your way?
services on financial instruments under the
fi-compass is a unique platform for advisory
for Employment and Social Innovation (EaSI).
European Structural and Investment Funds
(ESIF) and microfinance under the Programme
Barre_04.png
Looking for your way?
be an important tool for boosting EU agriculture.
Barre_04.png
Investments, in a variety of forms, will help create a modern, dynamic agri-food
sector to create jobs and enhance growth in the EU. Financial Instruments will
Financial instruments using the European Social Fund
can support a wide range of financially viable
investment projects
Looking for your way?
Barre_04_1_4.png

Abstract

The fi-compass series of advisory seminars in Member States included an event in Greece on 3 December 2015.

The seminar aimed to:

  • provide ministries, managing authorities and other relevant ESIF stakeholders from the public and private sectors with an opportunity to learn more about the advantages, features and suitability of financial instruments in delivering ESIF 2014-2020 objectives with a specific focus on the thematic priorities of Greece;
  • provide an opportunity to learn about and discuss in depth the technical challenges that the stakeholders are facing with regard to the design and set up of financial instruments;
  • offer support for Member States and managing authorities by introducing relevant fi-compass learning material.

The seminar in Athens featured case studies on financial instruments; the opportunities offered by the 2014-2020 regulatory framework; the advisory products issued by fi-compass to support the design and set-up of financial instruments. In addition, two hands-on oriented workshops were conducted with participants.

The final agenda

Photo Library

Financial Instruments delivering ESI Funds, Athens, 03 December 2015

Picture: Zoe Georgopoulou, Head of NSRF and State Aid Service, National Coordination Authority, Ministry of Finance, Greece

On 3 December 2015, financial instruments delivering ESI Funds were discussed at a seminar in Athens, Greece. This seminar was one of our most well-attended Member States events so far and it formed part of a series of national seminars that will be conducted in 24 EU Member States into 2016.

More than 130 people participated in the seminar in Athens, including representatives from managing authorities and audit authorities, as well as from the banking and consultancy sectors.

Picture: Joanna Wardzińska, Social and Economic Investment Company TISE S.A., Poland; Nikos Mantzoufas, Ministry of Economy, Development and Tourism, Greece; Eirini Botonaki, European Investment Fund

The opening speech was given by Zoe Georgopoulou, the Head of NSRF and State Aid Service at the National Coordination Authority, in the Ministry of Finance, Greece. Following the opening speech, the JEREMIE Venture Capital Funds supporting Greek entrepreneurship was presented. In addition, participants had the opportunity to learn more about the JESSICA implementation in Greece as well as the Loan Fund for Social Economy under the ESF in Poland.

The European Commission’s Directorate-General for Regional and Urban Policy presented the Investment Plan for Europe along with key novelties and official guidance concerning ESIF financial instruments. This was complemented by a presentation from the European Investment Bank on how fi-compass can help Member States to advance with financial instruments. Two parallel workshops during the seminar in Greece focused on hands-on work following the life cycle of financial instruments with particular emphasis on the design phase. The participants actively discussed possible approaches and their own practical experience with a number of crucial issues regarding designing financial instruments and concerning the market assessment needed for the ex-ante assessment.

Picture: Event participants

The success of the seminar demonstrated that there is a very high interest in financial instruments in Greece. The delegates' discussions highlighted the potential for financial instruments to support job creation objectives. The advantages of financial instruments compared to grants were also appreciated by many, and this can help to encourage a move toward increased use of ESIF financial instruments in Greece.

Financial Instruments delivering ESI Funds, Athens, 3 December 2015

Title Speakers
pdf file not yet available file not yet available file not yet available

JEREMIE VC Funds supporting Greek entrepreneurship

Eirini Botonaki, European Investment Fund

pdf file not yet available file not yet available file not yet available

Financing infrastructure - Lessons learnt from JESSICA implementation

Nikos Mantzoufas, Ministry of Economy, Development and Tourism, Greece

pdf file not yet available file not yet available file not yet available

Loan Fund for Social Economy (European Social Fund)

Joanna Wardzińska, Social and Economic Investment Company TISE S.A., Poland

pdf file not yet available file not yet available file not yet available

Opportunities offered by the 2014-20 framework

Georges Kolivas and Albena Taneva, European Commission (DG REGIO)

pdf file not yet available file not yet available file not yet available

fi-compass advisory support

Christos Pouris, European Investment Bank