Mr Mitsotakis participated in a discussion with entrepreneurs who took advantage of existing HDB schemes and cited the example of a Greek start-up company which was recently sold for $110 million, of which $5 million was the employee benefit.
Prime Minister Kyriakos Mitsotakis made the proposal to set as a condition for participation in Hellenic Development Bank (HDB) programs the allocation of a percentage of the company’s shares, even a small one, to employees, speaking today in bank event for the presentation of the new product “Know your customer” which facilitates the access of small and medium enterprises to bank financing.
Mr. Mitsotakis participated in a discussion with entrepreneurs who took advantage of existing HDB programs and cited the example of the Greek start-up company Augmenta which was recently sold for $110 million of which $5 million was the employee benefit.
“Employee equity participation is very important. Perhaps it should be made a condition of some financial instruments, even if only with a small percentage. It creates a new business culture and a new generation of healthy entrepreneurship,” stressed the Prime Minister.
Mr. Mitsotakis, referring to his previous employment in the field of venture capital, pointed out that what has been done in recent years at the Hellenic Development Bank could not have been implemented with the previous government, which he attributed to ignorance and bigotry.
He also highlighted the additional benefit for businesses, beyond funding, consisting of providing external expertise to improve the company, access to a wider network of suppliers and customers, etc.
The prime minister particularly the speed with which HDB moved during the pandemic, which helped save businesses that were closed by government order, protecting jobs as well.
“We have financially supported small and medium enterprises and we will continue to do so. We want more competition and strict supervision rules,” Mr. Mitsotakis emphasized. He also mentioned that this year if everything goes well we will have a new record of income from tourism.
The entrepreneurs Mr. Karahalios (Rodoula), Tournavitis (Cooperative Bank of Karditsa), Pistiolas (Agrino, hotel sector) and Lakasas (Olympia electronics) characterized the cooperation with the Hellenic Development Bank as positive, which allowed them to deal with the effects of the pandemic but also to invest to develop.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.
