Greece, 18 billion euros from the EU - Funds will attract new investments in infrastructure, digitalization
Greece has received 18 billion euros in grants and loans from the European Union Recovery Fund since 2021, an amount equivalent to around 8% of its economic output.
After years of low investment due to the 2010-2018 financial crisis, Greece has increased its benefits from European funds, tackling bureaucracy and helping its economy grow faster.
Greece is eligible to receive a total of 36 billion euros in grants and loans from the post-pandemic fund until 2027, and these are expected to trigger total investments of more than 60 billion euros in medium-sized companies, green energy, digitalization and infrastructure.
Athens will submit a request to receive another 3.9 billion euros from the Recovery Fund by May, to reach its target for economic growth of 2.3% this year, up from 2.2% in 2024, the Finance Ministry announced.
"Our economy once again recorded growth rates much higher than the European average, continuing to be among the best in the EU in terms of absorbing resources from the Recovery Fund," official sources said.
Greek public investments, which receive funds mainly from the European Union, but also from the state budget, will reach 14.1 billion euros this year and 16.4 billion euros in 2026, according to ministry data.
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