Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Restricted Cash, Deposits and Marketable Securities (Schedule of Restricted Cash) (Details)

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Restricted Cash, Deposits and Marketable Securities (Schedule of Restricted Cash) (Details) - EUR (€)
€ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Disclosure of Restricted cash deposits and marketable securities [Abstract]    
Marketable securities [1] € 2,132 € 2,162
Short-term restricted cash [2] 4,653 3,265
Restricted marketable securities [3] 3,250
Long-term restricted non-interest bearing bank deposits [4] 408 1,458
Restricted cash, long-term bank deposits [5] 1,654 2,202
Long-term restricted cash and deposits € 2,062 € 3,660
[1] During 2017 and 2018, the Company invested in a traded Corporate Bond (rated Baa3 by Moody's) with a coupon rate of 3.389% and a maturity date of December 30, 2018. During 2017, the Company invested in a traded Corporate Bond (rated Baa3 by Moody's) with a coupon rate of 4.435% and a maturity date of December 30, 2020 and in 5.8% WACHOVIA Fixed Interest Float.
[2] Current accounts and bank deposits securing short term obligations. Bank deposits securing the Company's forward contracts. The annual interest rate as of December 31, 2018 was 0.58%.
[3] Marketable securities securing the Company's Forward contracts.
[4] Deposits used to secure obligations towards the Israeli Electricity Authority for the license for the pumped-storage project in the Manara Cliff in Israel and to secure obligations under loan agreements (see Note 11).
[5] Bank deposits used to secure obligations under loan agreements (see Note 11).