ARCHIVES HISTORIQUES 
DE LA COMMISSION 
 
 
 
COLLECTION RELIEE DES 
DOCUMENTS "COM" 
 
 
 
 
COM (84) 555 
 
 
 
Vol. 1984/0 219 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this f ile is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 198 3 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom 27 .9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General SecretariatC0MC84) 555 final  
Brussels, 12 October 1984
F O R  O F F IC IA L U SE  ONLY
COMMUNICATION BY THE COMMISSION TO THE COUNCIL
Request tor assent, pursuant to Article 56 2a) of the ECSC Treaty  
to the granting of a global loan to the Hellenic Industrial  
Development Bank (ETVA), Athens (Greece)
COM(84) 555 final

Com m unication to the Council
D evelopm ent B an k  (E T V A ), Athens (Greece)*
I. F IN A N C IA L  I N T E R M E D I A R Y
N o .
ApplicantHellenic Industrial 
D evelopm ent B an k  (E T V A )
Registered Office
ShareholdersAthens
(Branch Offices in Thessaloniki, Patros, 
Volos, Iraklion, Kavala, Joannia and 
Komotini)*
State of G reece» ·* '
II. R E C IP IE N T S Sm all and medium-sized firms in Greece 
and especially in the E C SC -em ploym ent 
area (circumscription of the Elevsina 
E m ploym ent Office)*
Field of Activity of 
recipients Industrial and service activities.

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III. T H E  P R O J E C T
Procedure T he C om m ission will m ak e 5  M io E C U  available to the 
Hellenic Industrial Developm ent Bank, to be paid 
in tranches over four years as sub-loans approved b y  
the Commission's departments«
T h e Hellenic Industrial Developm ent B an k  will report 
annually o n the use m ad e of the global loan« T he B an k  
will also report each year o n  the re-employment of 
former E C S C  workers in the firms financed«
Total am ount of 
investment :  at least the equivalent of 10,0 M io E C U «
IV , T H E  R E G I O N
Project locationSteel producing areas.in Greece, principally in the 
E C S C  em ploym ent area (Elevsina) (1)«
U nem ploym ent rate : Registered unem poym ent in the area almost 1 %  (end 1983), 
U n em p o y m en t register does not give, however, a  true 
picture; unem ploym ent is, in fact, considerably'higher 
than the register indicares«
National aid status of 
project area :  Nationally assisted and E C S C  em ploym ent area.
T h e E C S C  industry has been a  major employer in the area,
(1) Outside the E C S C  em ploym ent area , the strict social clause will be applied 
(0«J« C 1 9 1  of 1 6 July, 1983, E C S C  operating principles, second sentence of 
Article 14)«

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V. CONFORMITY WITH ARTICLE 56 2a) OF THE ECSC TREATY
ECSC redundancies in . . . . .
proiec' t""area --------  :  T* ie ™  employment in the steel industry
------------  '  amounted to 1*914 in 1977-1983* The number of
steel 
workers compared to total employed fell 
from 15,5% in 1977 to 3,6% in 1983*
Jobs to be created 
by the project :
Training :Under the supposition, that all jobs are created 
in the ECSC employment area, 375 new and economically 
viable jobs*
If necessary, through public authorities or 
sub-loan recipients*
The Commission considers that the application complies with Article 56 2a) 
of thé ECSC Treaty.
VI. GLOBAL LOAN
Loan applied for 
Loan to be granted5 MioECU
:  The Commission has approved a loan of
5 MioECU to the above mentioned institution (1).
Interest rebate5 percentage points per year for five years 
on 5.0 MioECU.
Job basis of interest rebate :  250 jobs*
VII. COUNCIL ASSENT
The Commission requests the Council to give its assent to the foregoing 
decision
(1) In accordance with Article 56 application criteria COJ C 191, 16 July 1983)