{"id":6291,"date":"2022-10-20T10:34:13","date_gmt":"2022-10-20T10:34:13","guid":{"rendered":"https:\/\/dev-espa.summerize.io\/commission-yes-to-the-greek-regime-of-2-billion-euros-for-green-investments\/"},"modified":"2023-07-25T17:45:15","modified_gmt":"2023-07-25T17:45:15","slug":"commission-yes-to-the-greek-regime-of-2-billion-euros-for-green-investments","status":"publish","type":"post","link":"https:\/\/espa.io\/en\/commission-yes-to-the-greek-regime-of-2-billion-euros-for-green-investments\/","title":{"rendered":"Commission: &#8220;Yes&#8221; to the Greek regime of 2 billion euros for &#8220;green&#8221; investments"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/espa.io\/wp-content\/uploads\/2023\/06\/comission-nai-sto-elliniko-kathestos-gia-2-dis-se-prasines-ependyseis-1024x683.jpg\" alt=\"\"\/><\/figure>\n\n<p>The <strong>Commission<\/strong> <strong>approved the Greek regime of 2 billion euros<\/strong> aimed at <strong>providing investment support for sustainable recovery<\/strong> and &#8216;<strong>green&#8217; investment.<\/strong><\/p>\n\n<p>Greece notified the <strong>Commission<\/strong>, based on the temporary framework, of the 2 billion euro scheme. euro. Under this measure, <strong>the aid will take the form of loans with subsidized interest rates.<\/strong><\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-&#x3C0;&#x3BF;&#x3CD;-&#x3B8;&#x3B1;-&#x3BA;&#x3B1;&#x3C4;&#x3B5;&#x3C5;&#x3B8;&#x3C5;&#x3BD;&#x3B8;&#x3B5;&#x3AF;-&#x3B7;-&#x3B4;&#x3B7;&#x3BC;&#x3CC;&#x3C3;&#x3B9;&#x3B1;-&#x3C3;&#x3C4;&#x3AE;&#x3C1;&#x3B9;&#x3BE;&#x3B7;-&#x3B3;&#x3B9;&#x3B1;-&#x3C0;&#x3C1;&#x3AC;&#x3C3;&#x3B9;&#x3BD;&#x3B5;&#x3C2;-&#x3B5;&#x3C0;&#x3B5;&#x3BD;&#x3B4;&#x3CD;&#x3C3;&#x3B5;&#x3B9;&#x3C2;-&#x3C4;&#x3B7;&#x3C2;-&#x3BA;&#x3BF;&#x3BC;&#x3B9;&#x3C3;&#x3B9;&#x3BF;&#x3BD;\"><strong>Where public support for &#8220;green&#8221; investments will be directed<\/strong> <strong>of the Commission<\/strong><\/h2>\n\n<p>Public support will be used to <strong>finance investments in tangible and intangible assets <\/strong>. The aim is to<strong> facilitate the development of economic activities<\/strong> that fall within the <strong>strategic pillars of the Greek Recovery and Resilience Plan<\/strong>, in particular <strong>\n  <a href=\"https:\/\/espa.io\/en\/c\/enviornment\/\" target=\"_blank\" rel=\"noreferrer noopener\">green transition<\/a>\n<\/strong>, the <strong>\n  <a href=\"https:\/\/espa.io\/en\/c\/information-communications-technologies\/\" target=\"_blank\" rel=\"noreferrer noopener\">digitisation<\/a>\n<\/strong> and innovation (R &amp; D). Greece will ensure <strong>that the financed investments are environmentally sustainable<\/strong>, according to the taxonomy of the European Union.<\/p>\n\n<p><strong>Public support will be accompanied by conditions to limit unjustified distortions of competition<\/strong>, including safeguards to <strong>limit the risk of possible indirect aid<\/strong> in favor of <strong>financial intermediaries channeling the support.<\/strong><\/p>\n\n<p><strong>The amount of the individual aid will in principle not exceed 15 million. euros per beneficiary. The scheme is expected to benefit around 250 companies.<\/strong><\/p>\n\n<p>The <strong>Commission<\/strong> found that <strong>the Greek regime is consistent with the conditions<\/strong> provided for in the temporary framework. particularly:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>the amount of aid per beneficiary will not exceed 1 % of the total budget<\/strong><\/li>\n\n\n\n<li><strong>the aid will benefit investments in tangible and intangible assets, but not financial investments<\/strong><\/li>\n\n\n\n<li><strong>interest rates on loans will adhere to the minimum levels set in the temporary framework<\/strong><\/li>\n\n\n\n<li><strong>public support will be granted no later than 31 December 2022<\/strong><\/li>\n<\/ul>\n\n<p>The Commission concluded that <strong>the Greek measure is necessary, appropriate and proportionate to promote investment<\/strong> in certain economic activities important for sustainable recovery, in accordance with Article 107(3)(c) of the TFEU.<\/p>\n\n<p>On this basis, the Commission <strong>approved the aid measure under EU<\/strong> rules. for state aid.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-&#x3BC;&#x3B1;&#x3C1;&#x3B3;&#x3BA;&#x3C1;&#x3AD;&#x3C4;&#x3B5;-&#x3B2;&#x3B5;&#x3C3;&#x3C4;&#x3AC;&#x3B3;&#x3BA;&#x3B5;&#x3C1;-&#x3B1;&#x3BD;&#x3C4;&#x3B9;&#x3C0;&#x3C1;&#x3CC;&#x3B5;&#x3B4;&#x3C1;&#x3BF;&#x3C2;-&#x3C4;&#x3B7;&#x3C2;-&#x3B5;&#x3C0;&#x3B9;&#x3C4;&#x3C1;&#x3BF;&#x3C0;&#x3AE;&#x3C2;-&#x3B1;&#x3C1;&#x3BC;&#x3CC;&#x3B4;&#x3B9;&#x3B1;-&#x3B3;&#x3B9;&#x3B1;-&#x3C4;&#x3B7;&#x3BD;-&#x3C0;&#x3BF;&#x3BB;&#x3B9;&#x3C4;&#x3B9;&#x3BA;&#x3AE;-&#x3B1;&#x3BD;&#x3C4;&#x3B1;&#x3B3;&#x3C9;&#x3BD;&#x3B9;&#x3C3;&#x3BC;&#x3BF;&#x3CD;-&#x3B3;&#x3B9;&#x3B1;-&#x3C4;&#x3B7;-&#x3B4;&#x3C1;&#x3AC;&#x3C3;&#x3B7;-&#x3C4;&#x3B7;&#x3C2;-&#x3BA;&#x3BF;&#x3BC;&#x3B9;&#x3C3;&#x3B9;&#x3CC;&#x3BD;\"><strong>Margrethe Vestager, Vice-President of the Commission responsible for competition policy<\/strong> <strong>for the Commission&#8217;s action<\/strong><\/h2>\n\n<p>&#8220;This scheme of 2 billion euro <strong>will help Greece set the course for a faster and more sustainable recovery,<\/strong> in line with the Greek Recovery and Resilience Plan. It is an <strong>important step for bridging the investment gap left behind<\/strong> by the crisis.<\/p>\n\n<p>We continue to work closely with member states to ensure <strong>that national support measures to restart and attract private investment can be implemented as quickly and efficiently as possible, in line with EU rules.&#8221;<\/strong><\/p>\n\n<p><a href=\"https:\/\/calendly.com\/randevou-espa-news\/15min?month=2022-03\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Commission approved the Greek regime of 2 billion euros aimed at providing investment support for sustainable recovery and &#8216;green&#8217; investment. Greece notified the Commission, based on the temporary framework, of the 2 billion euro scheme. euro. Under this measure, the aid will take the form of loans with subsidized interest rates. Where public support 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