Eighty billion euros to flow into Greek economy in coming years

Nearly 80 billion euros will flow into Greece in the coming years, as Prime Minister Kyriakos Mitsotakis made known, during his speech at the conference on the new NSRF 2021-2027, in Kalamata, stressing that Greece is not at the tail end of developments, but at the forefront.

The PM noted that Greece is the first Member State to receive a positive response to the Pact for Cohesion Policy, ie the old NSRF, while referring to the funding program of 26.2 billion, which complements other financial instruments such as the Greece 2.0 recovery plan with total appropriations exceeding 30 billion euros. Along with the funds for the common agricultural policy this totals 80 billion euros.

According to Mr. Mitsotakis. the 8th EU Cohesion Report confirms that from 2014 to 2020 funding contributed 2.6% to GDP growth in the least developed regions.

The Prime Minister pointed out the importance of European programs in the development of the country and as he said from 2000 to 2017, 66 billion euros financing growth flowed into Greece from cohesion policies. Mr. Mitsotakis did mention that during that time there had been mismanagement of funds in some cases.