The execution of the Public Investment Program for 2022 is absolutely positive, wrote the Deputy Minister of Development and Investments, Yiannis Tsakiris, in a post on social media.
Specifically, the responsible deputy minister notes the following:
“2022 was a completely positive year for the execution of the Public Investment Program (PIP). The entire available budget (100%) was disbursed to the national part of the PIP, i.e. 1.696 billion euros. In the co-financed part, which includes the Operational Programs of the NSRF, the execution amounted to 6.486 billion euros (a rate of 91.30%). Together with the disbursements of the Recovery Fund resources amounting to €2.84 billion (100.97% rate) the total PDE disbursements amounted to €11.025 billion, boosting the real economy with significant resources.
It is noted that the final budget of the PIP closed increased by 1 billion euros compared to the initial budget of the 2022 PIP. Even the initial credits for the regions of the country were strengthened for the third consecutive year and were increased by 75% compared to 2019.
The payment requests to the EU for the NSRF Programs and Other Programs amounted to 3.920 billion euros, significantly boosting public revenues. It is also worth noting that Greece is the first EU member state. which sent within 2022 its first payment request for the new program period of the NSRF 2021-2027, amounting to 119.4 million euros (Transport Program 2021-2027)”.
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%