Investment & Fund Management
which was backed by the European Investment
Full Credential Description
Panagiotis Louvis, a beekeeper from Sparta, Greece, faced the challenge of expanding his family business in apiculture, which had been a part of his heritage for generations. With a desire to grow his production capacity and establish a reputation for high-quality honey, he sought financial support to purchase additional beehives.
To address this need, Panagiotis secured a loan from the Bank of Piraeus, which was backed by the European Investment Fund (EIF) under the Investment Plan for Europe. This funding enabled him to acquire around 200 new beehives, effectively doubling his bee population and significantly increasing his honey production.
As a result of this investment, Panagiotis is now on track to realize his ambition of creating a honey standardization and packaging facility, with plans to export his products to other European countries. He emphasizes the importance of maintaining high quality in his honey, which is regularly tested in certified laboratories, ensuring that he meets consumer expectations and maintains a responsible approach to food production. This strategic growth not only enhances his business prospects but also positions his honey as a competitive product in the market.