Greece submitted the third payment request for €1.72 billion in grants under the Recovery and Resilience Facility
The third payment request has been submitted to the European Commission by the Greek authorities, signed by the Deputy Minister of Finance, Mr. Theodore Skylakakis.
Adding this request which amounts to 1.72 billion euros, the total resources that will flow from RRF sum up to 12.8 billion euros.
It must be noted that Greece is among the first three EU-27 member states to submit the third payment request from the RRF, along with Italy and Spain. At the same time, there are four states that have submitted two payment requests, eleven that have only submitted the first request and nine states that have not yet submitted a payment request.
Some of the most important milestones and targets achieved by the Greek authorities – leading to the submission of the third payment request – concern investments in electromobility and charging infrastructure for electric vehicles, the launch of projects relating to energy-efficiency renovations in residential buildings, the digitalisation of public administration, and the uptake of fiber optic infrastructure in buildings.
The payment request also includes a series of reforms to enhance efficiency in the public administration, to accelerate the delivery of justice, and to enhance the fight against corruption and smuggling. Further reforms concern addressing weaknesses in urban planning, upskilling for employees and those unemployed, establishing a new water and wastewater regulatory authority for a more rational management of water resources, strengthening market regulation for public urban and regional passenger transportation services, and improving the regulatory framework for industrial parks.
It is noted that the regulatory reforms were implemented under the coordination of the General Secretariat of the Government, which reports to the Minister of State, Mr. Akis Skertsos and the General Secretary Mr. Thanasis Kontogeorgis. The RRFA Coordination Agency, under its Governor, Mr. Nikos Mantzoufas, monitors the implementation of the investments.
Greece 2.0 implementation timeline
• 4/27/2021: Greece 2.0 is the second National Plan submitted to the EU
• 6/17/2021: Endorsement of Greece 2.0 plan by the European Commission
• 7/13/2021: Approval of Greece 2.0 plan by ECOFIN
• 8/9/2021: Pre-financing disbursement of €3.96 billion, corresponding to 13% of the money allocated to Greece by the RFF
• 12/21/2021: Greece is among the first countries to sign the Operational Arrangements with the European Commission
• 12/29/2021: Greece becomes the third country (after Spain and France) to submit the first payment request of €3.56 billion
• 2/28/2022: EU publishes positive preliminary assessment on Greece’s first payment request.
• 4/8/2022: Disbursement of the first installment
• 9/30/2022: The Greek authorities submit the second payment request of €3.56 billion. Greece is one of the first five countries to request the disbursement of the second payment and the first to submit a request for the third payment (loan program).
• 11/25/2022: EU issues a positive preliminary assessment for the second request
• 1/9/2023: EC approval of €3.56 billion disbursement
• 5/15/2023: Greek authorities submit the third payment request of €1.72 billion