The EU Council of Finance Ministers (Ecofin) has given Greece the green light to move ahead with proposed changes to its national recovery plan, paving the way for the accelerated implementation of key programs under the Recovery and Resilience Facility (RRF).
Greece’s Economy and Finance Minister Kostis Hatzidakis announced the news on Tuesday following an ECOFIN meeting in Brussels.
During the meeting, EU finance ministers also approved revised national plans submitted by Cyprus and Spain.
Key changes to the Greek plan include revisions to the “My Home II” program, a subsidized interest rate scheme to assist first-time homebuyers; the “I Upgrade My Home” program aimed at improving energy efficiency in residential properties; and special hospital funding for 37,000 evening surgeries to reduce waiting times at Greek hospitals, among others.
The revised plan concerns 3.13 billion euros in funding (1.35 billion euros in grants and 1.78 billion euros in loans). Upon the successful completion of the approval process, Greece will have received a total of 21.3 billion euros or 64% of the allocated Recovery Fund resources.
Greece was also among eight EU member states whose mid-term fiscal plans were approved without reservations from the European Commission.
“The approval of our mid-term fiscal structural plan reaffirms Brussels’ confidence in our economy. ECOFIN’s endorsement of the Recovery Plan revisions will allow us to fast-track crucial programs like ‘My Home II.’ This will significantly enhance fund absorption, which is expected to reach 64%,” said Hatzidakis.
Source: Tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Bank of Greece: Primary Gov. Surplus €4.1b Jan.-March 2025
The data released today by the Bank of Greece revealed that the central government’s overall cash balance recorded a surplus of €1.465 billion in the first quarter of 2025, compared to a deficit of €359 million in the corresponding period of 2024.
Greek Government Reissues 10-Year Bond Auction for €200 Million
The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5)
Greece Defines Continental Shelf Limits and Maritime Zones in Landmark EU Document
The Maritime Spatial Planning (MSP) framework represents a comprehensive approach to spatial planning and is crucial for the successful development of a blue and circular economy
EU Praises Greece’s RRF Progress as Revised Recovery Plan Nears Completion
Athens is preparing to submit its revised “Greece 2.0” Recovery and Resilience Plan after Easter, with a slight delay from the initial timeline but with the European Commission’s approval.
Greek €200M 10Y Bond to be Issued on April 16
The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the goal of the re-issuance is to meet investor demand and to enhance liquidity in the secondary bond market.
German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.
Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.
Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.
Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.
FM Gerapetritis Calls for Unified EU Response to Global Crises at EU Council
"Europe is navigating through unprecedented crises — wars, humanitarian disasters, climate emergencies," he stated.
