The LIFE-Stymfalia project “Sustainable Management and Financing of Wetland Biodiversity-The case of Lake Stymfalia” is an innovative project aiming at restoring the Stymphalia Lake, protecting it long-term and systematically re-financing its management, which will be ensured by the utilization of the reeds’ and area’s biomass. The project is coordinated by Piraeus Bank in collaboration with five partners, namely the Piraeus Bank Group Cultural Foundation (PIOP), the Municipality of Sikyonion, OIKOM Environmental Studies Ltd., the Society for the Protection of Prespa and the Centre for Renewable Energy Sources and Saving (CRES). The project is co-funded by the European Commission through the financial instrument LIFE+ Nature and Biodiversity and will run for 48 months (01.10.2013 to 29.09.2017).