Delphi Forum: 32 billion euros from the Economic Recovery Fund by 2026

“The 32 billion euros of the Recovery Fund that will leverage another 30 billion from the private sector will have entered the economy by 2026 and you understand the mobility and dynamics that will be created”, stressed the Deputy Minister of Development and Investment Nikos Papathanasis during the discussion with journalist Christos Konstas. The discussion took place during the 6th Delphi Economic Forum which is under the auspices  of the President of the Republic, Katerina Sakellaropoulou.

Then the Minister presented the 4 main pillars of the Fund which are green transition, digital transition, training and specialization, and private investments. Specifically for training, he stressed that it is an important tool for both young people who need upskilling and for adults who need to adapt to the needs of the digital age.

Regarding industry, he pointed out that the change of the production model necessarily goes through industry and it must be supported greatly. “To achieve this we need business parks,” he said, adding that they would be funded by the Recovery Fund. At the same time, speaking about Greek companies that are usually SMEs, he stressed the need for mergers to allow competitiveness.

Mr. Papathanasis also referred to the effort made by the Ministry in order to drastically reduce the time and eliminate bureaucracy in order to create a friendly environment for the investor and offer him confidence. “We have managed to make leaps and we must continue to make up for lost time,” he added.