EU funds, cheap financing for small businesses and corporate spending could help close Greece’s investment gap with Europe, but execution and a more difficult international backdrop remain the main obstacles

The government is closing the chapter on Greece's Recovery Fund with a triumphant assessment, citing full absorption of the 35.95 billion euros allocated. Yet as the program reaches its formal conclusion, it is becoming increasingly clear that absorption alone cannot serve as a measure of success.

Greek banks cleared out their entire allocation from the EU's pandemic recovery fund just ahead of a tightened May deadline, backing 29.2 billion euros in investment, well beyond what businesses could actually absorb in time

The deadline for Greece's EU recovery funding falls on August 31, and ministers have been told to stay reachable through the holidays as the government works toward a political restart before the Thessaloniki International Fair, with the forthcoming elections in mind

In its preliminary assessment, the European Commission (EC) announced on Thursday that it had agreed to a December double request by the Greek authorities for a payment amounting to €1.18 billion from the Recovery and Resilience Facility (RRF). This is the 7th fund request and the 6th request for loans from the RRF, which has […]

With the Recovery and Resilience Facility expiring in August, Athens faces mounting pressure to finalize reforms and investment milestones while maintaining its position among the EU’s top fund absorbers

With the latest tranche, Greece has now received €23.4 billion from the RRF, representing 65.2% of the total budget of its national plan, “Greece 2.0.”

When announced in 2021, the Commission said the RRF package for Greece totaled 36.61 billion euros in value, of which 18.22 billion euros are grants and the rest 'soft' loans

The €154.8 million deal, co-funded by EU recovery programs and national resources, will strengthen Greece’s aerial firefighting fleet with agile amphibious planes designed for rapid wildfire response

Athens is preparing to submit its revised “Greece 2.0” Recovery and Resilience Plan after Easter, with a slight delay from the initial timeline but with the European Commission’s approval.

Indicative of the significance of the event was the presence of Prime Minister Kyriakos Mitsotakis and timing to coincide with the most evening newscasts.

A report at IN.gr points out that less than 1/4th of RRF loans have reached their intended recipients, and only Greece and Bulgaria are 'late' on disclosing information on actual recipients of RRF funds.

The preliminary assessment said that Greece had fulfilled all the prerequisites for the disbursement of €1 billion in grants as part of the Recovery and Resilience Facility (RRF)

The tranche is part of the €18.2-billion loan and subsidy package earmarked for Greece from the total 36 billion allocated for Greece

The 4th payment tranche involves 2.3 billion euros n loans under the Union's post-pandemic Recovery and Resilience Facility stimulus plan

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

European Commission says Greece is moving ahead with the implementation of key investments and reforms according to its National Recovery and Resilience Plan

Athens event attended by EPP European Parliament group leader Manfred Weber

Commission disburses payments to Germany, Greece, Italy, Portugal, Slovakia and Slovenia under the Recovery and Resilience Facility