Her positive preliminary assessment for the 5th request for a resource of resources to Greece amounting to 3.1 billion euros from the Recovery fundannounced today (19.3.2025) the European Commission.
With the positive evaluation of the European Commission and the expected disbursement by the Recovery Fund, all the Greek Planning Mountains of the Greek Plan “Greece 2.0” will amount to 35% of the total and the resources of resources at 59% of the total budget. The payment request was made in December 2024, as 29 landmarks were reached by the grants and 3 milestones from the loan side.
For the grants, milestones included, inter alia, the contracting of projects, such as the preparation of urban planning plans in 750 municipal units across the country and more than 65 strategic urban renovations in municipalities of the country- including the renovations of the Botanical and the Athenian Ribs. Reforest, as well as the anti -corrosion and flood protection projects in Evros and Rodopi.
In addition, completed: Approval for more than 20 innovation centers in universities and 70 partnerships of Greek university research excellence with private businesses, the energy upgrading of 8,000 additional homes under the “Save Home” program, and the call for new energy programs.
Significant reforms were also promoted, such as the acceleration of VAT refund, 85% of the land registration by the National Land Registry, the legislative framework for the transition to rapid broadband connections and more.
For the loan side respectively, the milestones were related to the contracting resources of more than 7 billion euros in loan resources as well as the activation of programs for housing “My Home II” and “I upgrade My Home”
The European Commission has already sent the positive evaluation to the Economic and Financial Committee, which is expected to announce its opinion in early April. The final decision will be followed by a € 3.1 billion disbursement.
On this issue, Deputy Minister of National Economy and Finance Nikos Papathanassis said: “Today’s development is still a tangible proof of the successful course of the National Recovery and Resilience Plan” Greece 2.0 “funded by the TAA. Having achieved all the targets and milestones that had been set, with the disbursement of an additional € 3.1 billion resources to the country, almost 60% of the total budget of the funds we reach for Greek society and the economy. By reinforcing infrastructure, supporting entrepreneurship, improving the daily lives of citizens, we keep Greece in the top positions of the European ranking, we make our commitments, we accelerate the reforms that the homeland needs. “
Whereas, the Commander of the Recovery Fund, Orestis Kavalakis, said: “Today’s positive preliminary assessment of the European Commission for the 5th Payment Request of Greece by the Recovery Fund, launches the disbursement of 3.1 billion euros and marks 35% of our 35%. This is a development that confirms the consistent, effective implementation of the Greek plan and the progress in achieving the mountains and goals set. “
Source: RES – EIA