Recovery Fund: disbursement of 1.18 billion to Greece

from the Recovery and Resilience Fund, which represents 68.5% of the total budget.

The double request included the 7th request for the grants and the 6th request for the Recovery Fund loans.

The double request included the 7th request for the grants and the 6th request for the Recovery Fund loans.

The 22 milestones met for the submission of the 7th request for grants reflect implementation progress on projects and reforms in a number of key areas to improve the daily lives of citizens.

For example:

In the public health sector, this includes the completion of extensive renovation works in 9 hospitals and energy upgrade, modernization and chronic disease unit projects in 15 Health Centres across the country.

In the social protection sector, the placement of personal assistants to support over 1,500 beneficiaries with disabilities and the issuance of 847.000 prepaid cards to beneficiaries of social allowances.

In the field of modernization and digitalization of public infrastructure and services, the supply of new digital equipment to the KEPs of 269 municipalities of the country was implemented, a new information system and equipment was delivered to the financial services of the ADDE, while the procedures for driving licenses and vehicle registration were simplified and digitalized.

In the energy sector, institutional reforms were included for the framework for the development of renewable sources, for the capture, use and storage of CO₂ and for dynamic electricity pricing contracts. EUR 500 million of CDF loans as guarantees through INVEST EU for access to SME finance

– the signing of EUR 500 million of financing agreements between the Hellenic Development Bank of Greece and investment schemes

. euros under the venture capital co-investment programme.

Deputy Minister of National Economy and Finance and responsible for the Recovery Fund Nikos Papathanasis, said: “The disbursement of €1.18 billion from the Recovery and Resilience Fund is a practical demonstration of the systematic effort underway to ensure that Greece successfully completes all the milestones and projects of the Recovery Fund within the given deadline of 31 August and does not lose a single euro of European resources, which must be directed to the benefit of all our fellow citizens. We are accelerating the projects and reforms for a more competitive, productive, strong economy, for a more prosperous society, with more and better jobs, with even lower unemployment, with continuous improvement of everyday life for all.”

Secretary General for Coordination of the Presidency of the Government Evi Dramalioti said: “Moving towards the completion of the Greece 2.0 programme, the new disbursement of €1.18 billion under the 7th of the 9 payment requests confirms that the progress of the National Plan is based on the substantial operational capacity of the institutions and not on conjunctural results. The completion of ten additional reforms in the areas of energy, digital transition, cybersecurity and accelerated justice enhances the productivity and resilience of the economy, delivering tangible benefits to citizens and new opportunities for entrepreneurship.”

While, the Recovery Fund Governor, Orestis Kavalakis, said: “The new disbursement of €1.18 billion under Greece’s dual payment request is another strong confirmation of the consistent and effective progress recorded in the implementation of the Greece 2.0 National Plan. Having already received more than 2/3 of our budget, we continue to work intensively towards the full achievement of the targets and milestones, ensuring the full use of the available resources for the benefit of society, the economy and the development of the country.”