As the Greek government is scrambling to absorb the total sum of funds from the Recovery and Resilience Fund – a performance-based temporary recovery instrument designed to mitigate the economic and social impact of COVID-19 – by 2026, a top official familiar with the matter ruled out Greek authorities would request any time extension to utilize the allocated financial package due to snags or delays in projects.
According to the Stability Program, it is estimated that 3.6 billion euros will flow in from the Recovery Fund this year and an additional 5.1 billion euros in 2025 in subsidies, an amount equivalent to 1.5% of GDP in 2024 and 2% of GDP in 2025.
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients.
In total, 768 projects and sub-projects with a total budget of 21.8 billion euros have already been approved and included in the subsidy program of the Recovery Fund. The approved projects include, among others: energy renovation of residential buildings, energy upgrading of public sector buildings, island electrical interconnections, energy storage investments, construction of highways, development of micro-satellite networks, implementation of the national secondary prevention program in public health, implementation of excellence strategy in universities and innovation, etc.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements
Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships
Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders
Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.
Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.
EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.
Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.
Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.
Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion
Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."
![Airbnb: Ποιοι ελληνικοί προορισμοί θα γεμίσουν το Πάσχα [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/08/Airbnb-to-vima-90x90.jpg)
![Ξενοδοχεία: Άλμα 40% στις αξίες την τελευταία τετραετία – Πανευρωπαϊκή πρωτιά [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/10/ksenodoxio-90x90.jpg)
![Airbnb: Ποιοι ελληνικοί προορισμοί θα γεμίσουν το Πάσχα [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/08/Airbnb-to-vima-600x399.jpg)
