The German government agreed on Monday to provide Greece with 22.4 billion euros ($29.6 billion) as part of a multibillion-euro aid package to be allocated to the financially-stricken Balkan state by the European Union, the German N-24 TV channel said.
A relevant bill has yet to be approved by the German parliament and signed by President Horst Kohler.
Ministers from the 16-nation euro zone approved the 80-billion-euro aid for Greece during a meeting in Brussels on Sunday. The IMF will also provide 30 billion euros in loans under the three-year deal.
Earlier on Monday, a Council of the European Union source told RIA Novosti that Greece will receive the first loans from EU countries under a massive bailout package on May 19.
Greece, whose national debt reaches 300 billon euros ($400 billion), agreed to carry out huge budget cuts as part of an austerity program.
Greek Prime Minister George Papandreou said in a televised speech on Sunday that the country`s government had "no other choices and no time."
Papandreou and his Russian counterpart Vladimir Putin discussed a range of issues concerning Greek-Russian cooperation in trade and economic spheres during a telephone conversation on Monday, which was initiated by the Greek side, the Russian government`s press service said.
According to the press service, the Greek prime minister reiterated his invitation to Putin to pay a working visit to Greece. The date of the visit is yet to be agreed.