The Greek state has disbursed a total of 11.1 billion euros so far from the EU’s Recovery and Resilience Fund (RDF), within a year and a half since its national plan was approved, according to data revealed this week.
Overall, the national “Greece 2.0” plan is budgeted at 30.5 billion euros of European funding for the country, representing 16.5 percent of its GDP.
These funds already disbursed represent 6.1 percent of current GDP, making one of the highest disbursement rates among Eurozone member-states.
Croatia follows with disbursement corresponding to 3.9 percent of its GDP; Italy with 3.8 percent; Spain with 3.1 percent; Romania with 2.6 percent and Portugal with 2.4 percent.
Specifically, Greece has received pre-financing of 3.96 billion euros (August 2021) and completed 15 milestones and targets, while disbursing 3.56 billion euros (April 2022) since the first payment request.
The National Recovery and Resilience Plan consists of two parts: the grant component, with a budget of 17.8 billion euros, and the loan component, with a budget of 12.7 billion euros.
Latest News
Foreign-Owned Businesses in Greece Thrive in Trade and Services
Despite government efforts to attract foreign investment, only 0.6% of all businesses across Greece are foreign-owned.
41st Athens Marathon- Traffic Regulations in Athens from Thursday to Sunday
Traffic regulations will be implemented gradually, starting from Thursday, as part of the 41st Athens Marathon.
Greek Households Most Pessimistic in Europe: IOBE Report
Over six in ten (65%) of households said that their financial situation worsened over the past year
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti