![Greek Recovery Fund: €10.53 billion investment plans for loans submitted in 2022](https://www.ot.gr/wp-content/uploads/2022/11/ot-greek_economy331-1024x600-1-768x450-1.jpg)
The total budget of the 291 investment projects submitted to the loan section of the National Recovery and Resilience Plan “Greece 2.0” in 2022 amounts to 10.53 billion euros, as announced by the Ministry of Finance.
Of this 10.53 billion euros, 4.5 billion euros correspond to loans from the Recovery and Resiliency Fund (RRF), 3.51 billion euros to bank funds and 2.52 billion euros to equity participation of investors.
The above projects are in various stages foreseen in the framework of “Greece 2.0” (e.g. pre-approval, evaluation, approval, contracting) and concern different sectors of the economy (industry, retail trade, power generation investments – RES, telecommunications , tourism and services).
It should be noted that of the 291 investment proposals, 167, amounting to 2.25 billion euros, come from small and medium-sized enterprises.
68 loan agreements
Already, from all the projects, 68 loan contracts have been signed (until 30.12.2022), with the budget of the same number of investment projects amounting to 3.22 billion euros. Of this amount, 1.20 billion euros correspond to RRF loans, 1.28 billion euros come from commercial banks and the remaining 741 million euros are the same participation of the investors.
The weighted average interest rate of the above loan agreements is 1.2% and the average loan repayment period is 11 years.
The Deputy Minister of Finance, Mr. Thodoros Skylakakis, said: “The loan part of the National Recovery and Resiliency Plan is an extremely successful development tool, as shown by its implementation data. Strong interest is registered from the investment community, as within a six-month period (the first loan agreement was signed on 30.6.2022) 291 proposals were submitted, with a total budget of more than 10.5 billion euros, while the investments are dispersed, geographically, in over 100 municipalities throughout the country. In fact, the loan contracts that have been signed include many industrial and tourist investments, which contribute, catalytically, to the stimulation of local economies, while the specific tool also plays a very important role in the green energy transition. Being the biggest and fastest investment tool the country has ever had, the loan part of the Recovery Fund has many more possibilities, since it can cover investment projects, totaling approximately 30 billion euros.”
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country