Greece submitted the first payment request to the European Commission for the National Recovery and Resilience Plan, Greece 2.0, yesterday, Wednesday 29 December. The request was submitted following the approval of the Deputy Minister responsible for the Programme Treasury , κ. Thodoros Skylakakis. As well as after the full and thorough completion of all relevant milestones and targets.

Dose amount for Greece 2.0

The total amount of the first instalment shall be 3.56 billion euro. Of these €1.72 billion euros concern the subsidy part of the Recovery Fund. While €1.84 billion euros they come from the loan side, as stated in the relevant announcement.

Greece is one of the first countries to submit a payment request. At the same time, it was one of the first countries to submit the National Recovery and Resilience Plan to the EU.and one of the first to receive the relevant approval, starting immediately its implementation.

Milestones and targets

A key condition for submitting this first payment request was the successful fulfillment of the 15 milestones and targets. Objectives agreed with the EU in the framework of the Plan, as well as in the Executive Decision of the Council.

The milestones and targets met by the Greek authorities concern, inter alia:

• measures to prepare for the disbursement of loans to enterprises through the banks
• shaping the legislative framework to promote the green transition and activate relevant actions
• labour, health, entrepreneurship, transport and tax reforms
• the promotion of civil protection and justice infrastructures

It is recalled that with the signature of the financing agreement and the loan agreement, Greece has already received pre-financing since the beginning of August. The total height is €3.96 billion €2.31 billion (of which €2.31 billion comes from subsidies and €1.65 billion comes from borrowing).