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.”
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