![Greece’s Request for 3.64 bln euro RRF Payment Moves Ahead](https://www.ot.gr/wp-content/uploads/2023/11/eu-flags-2048x1365-1.jpg)
Yesterday the European Commission made a preliminary assessment of Greece’s third payment request for 1.69 billion euros in grants and 1.95 billion in loans, a total of 3.64 billion euros, under the Recovery and Resilience Facility (RRF).
The funds requested by Greece are earmarked for transformative reforms that aim to make public administration more efficient, fuel the fight against corruption and smuggling, address weaknesses in urban planning, promote upskilling for employees and unemployed, establish a regulatory authority to improve waste management and water resource management, improve transparency of public procurement for public urban and regional transportation, and improve the regulatory framework for industrial parks.
The abovementioned priorities are connected to 39 milestones and 3 targets, and receiving the 1.69 billion euros in grants is conditional upon achievements in all areas, says the Commission.
The Commission adds that the loan request is connected to one target- the signature of at least “3.5 billion euros of RRF loans between financial institutions and companies to support private investments related to the green transition, digitalization, increasing export capacity, economies of scale and innovation.” Investments in electromobility and charging infrastructure are included, as are renovations in residential buildings, fiber optics infrastructure, and digitalization of public administration.
The RRF is the key financial instrument of the NextGenerationEU and the Commission said that it carefully examined all of Greece’s 43 milestones before giving the green light for the funds.
The next step involves the Commission sending its positive preliminary assessment to the Economic and Financial Committee (EFC) to seek its opinion, which should be expected in four weeks. After this the Committee will take its final decision and if approved, will disburse funds.
If and when the Council approves Greece’s recovery and resilience plan, it will be worth an estimated 35.95 billion euros, broken down between 18.22 billion euros in RRF grants and 17.73 billion euros in RRF loans.
Source: tovima.com
![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
![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
![DESFA: Domestic Natural Gas Consumption Up 29.76% in 1st Half of 2024](https://www.ot.gr/wp-content/uploads/2022/08/desfa-1-600x370.jpg)
DESFA: Domestic Natural Gas Consumption Up 29.76% in 1st Half of 2024
However, overall demand for natural gas saw a slight decline of 7.14%, primarily due to reduced exports
![ELSTAT: Greek Merchant Fleet Tonnage Falls 3.5% y-o-y in May 2024](https://www.ot.gr/wp-content/uploads/2024/02/ships-600x400.jpg)
ELSTAT: Greek Merchant Fleet Tonnage Falls 3.5% y-o-y in May 2024
The drop in gross tonnage is for vessels 100 GRT and over, and is a continuation of the overall downward trend since January 2022
![Real Estate Trends: Greek Buyers Prefer Smaller Properties](https://www.ot.gr/wp-content/uploads/2024/04/ot_akinhta_greece2-600x352.png)
Real Estate Trends: Greek Buyers Prefer Smaller Properties
Specifically, in the nationwide survey, 24.9% of buyers opted for properties between 51 and 75 square meters, while 24.7% chose smaller properties up to 50 square meters