Today, September 30, Deputy Minister of Finance, Mr. Theodoros Skylakakis, the official responsible for the implementation of the “Greece 2.0” National Plan, submitted the second request for payment from the Recovery and Resilience Fund (RRF) to the European Commission.
3.56 billion euros will flow into the public coffers, as the successful completion of the 28 planned milestones allows the submission of a single request, which concerns both the subsidy and loan sectors. Greece met, earlier than originally planned, three milestones related to the loan leg of the RRF. Therefore, €1.84 billion (loan payments) is added to the €1.72 billion (subsidy payment).
The total amount of the first installment, disbursed on April 8, 2022, also amounted to 3.56 billion euros (1.72 billion euros for subsidies and 1.84 billion euros for loans). Regarding the pre-financing, which was disbursed on 9.8.2021, corresponding to 13% (3.96 billion euros) of the money allocated to Greece by the RRF.
Greece is among the first five countries to submit a request for disbursement of the second payment from the RRF and the first to submit a request for the third payment (loan tranche).
Subsidies
Up to now, 372 projects have been included in the National Recovery and Resilience Plan, with a total budget of 13.5 billion euros, through decisions signed by Mr. Skylakakis.
The projects fall under the four main pillars of the Plan, namely “Green transition”, “Digital transition”, “Employment – Skills – Social Cohesion” and “Private investment and transformation of the economy”.
Projects
150 investment projects have been submitted to “Greece 2.0” so far by interested investors.
Their total budget amounts to 6.82 billion euros, approximately, of which 2.83 billion euros concern RRF loans, 2.46 billion euros in bank funds and 1.53 billion euros are covered by the investors’ funds.
The above investments fall into different sectors of the economy, e.g. industry, telecommunications, energy, transport, tourism, services, trade.
A large number of projects, from the 150 investment projects submitted, are at the stage of pre-approval by the credit institutions, while 23 investment projects have already been contracted, with a total budget of 1.41 billion euros, of which 650 million euros are financed by resources- RRF loans.
It is worth pointing out that in a time period of rapid interest rate increases, the weighted average interest rate of the loan contracts that have been signed amounts to 0.90%, with an average repayment period of approximately 10 years.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek Youth Struggle Amidst Low Wages and Soaring Expenses
Furthermore, 52.7% of respondents attribute Greece's current significant issues to governmental failure, while another 49.1% anticipate continued economic hardship in the nation's future
S&P Raises Greece Outlook to ‘Positive’; Rating Unchanged
The same international ratings agency in October 2023 raised the country’s creditworthiness to BBB- with a stable outlook
Number of Turkish Visitors to Greek Islands up 10-Fold After 7-Day Express Visa
More than 20,000 Turkish tourists flocked to the eastern Aegean isles during a nine-day religious period in the neighboring country
Greece to Protect 198 ‘Untouchable Beaches’
These beaches, numbering 198 across the country, fall within the Natura 2000 network and will be off-limits for concession and, by extension, for the placement of umbrellas, sunbeds, etc.
BoG: Feb. Current Account Deficit up by 1.8bln
At current prices, exports dropped by 10.3% (‑10.7% at constant prices) and imports grew by 5.7% (9.4% at constant prices).
Greece Becoming a ‘Refuge’ for German Pensioners
The government's policies to attract foreign property buyers to boot the economy is working, reports German newspaper Handelsblatt
Iran Activates Air Defense System- Reports of Attack by Israel
An Iranian official said explosions reported by Iran's media were the result of the activation of the country's air defense system, yet media reports attribute them to a drone attack by Israel
Poll: Greeks, EU Citizens Eager to Vote in European Elections
EU citizens are eager to vote in the upcoming elections for the European Parliament in June, with eight in 10 saying the current geopolitical situation makes voting imperative
Mitsotakis-Erdogan Meeting in Ankara Fixed for May 13
The Greek PM himself made the announcement from Brussels on Thursday, while he also responded to a question on Athens' intent to create a marine park in the central Aegean, an environmental initiative
Greece Aims to Boost Energy Capacity, Economy with Offshore Wind Farms
Greece’s Energy Ministry is pushing legislation to accelerate the construction of the first floating wind farms in Greek seas
![Φυσικό αέριο: Γιατί είναι δύσκολη η απεξάρτηση από τη Ρωσία – Τα εμπόδια [Χάρτης]](https://www.ot.gr/wp-content/uploads/2022/07/gas-1-1-90x90.jpg)
![Φυσικό αέριο: Γιατί είναι δύσκολη η απεξάρτηση από τη Ρωσία – Τα εμπόδια [Χάρτης]](https://www.ot.gr/wp-content/uploads/2022/07/gas-1-1-600x389.jpg)
