Pillars & Components

The National Recovery and Resilience Plan includes an integrated and coherent set of reforms and investments structured in four (4) Pillars that make up eighteen (18) components:

Total investment resources mobilised by RRF

Pillars and Components

RRF Budget

Mobilised
Investment
Resources

1. Green transition

(million €)

(million €)

1.1 Power up

1.200

2.348

1.2 Renovate

2.711

5.225

1.3 Recharge and refuel

520

1.305

1.4 Sustainable use of resources, climate resilience and environmental protection

1.763

2.726

Total Resources Pillar 1

6.194

11.604

2. Digital Transformation

(million €)

(million €)

2.1 Connect

522

582

2.2 Modernise

1.280

1.280

2.3 Digitalisation of Businesses

375

475

Total Resources Pillar 2

2.177

2.337

3. Employment, skills and social cohesion

(million €)

(million €)

3.1 Increasing job creation and participation in the labour market

776

776

3.2 Education, vocational education and training, and skills

2.311

2.395

3.3 Improve resilience, accessibility and sustainability of healthcare

1.486

1.486

3.4 Increase access to effective and inclusive social policies

611

611

Total Resources Pillar 3

5.185

5.268

4. Private Investments and Transformation of the economy

(million €)

(million €)

4.1 Making taxes more growth friendly and improving tax administration and tax collection

187

215

4.2 Modernise the public administration, including through speeding up the implementation of public investments, improving the public procurement framework, capacity building measures and fighting corruption

189

189

4.3 Improve the efficiency of the justice system

251

464

4.4 Strengthen the financial sector and capital markets

21

21

4.5 Promote research and innovation

444

612

4.6 Modernise and improve resilience of key economic sectors

3.743

7.233

4.7 Improve competitiveness and promote private investments and exports

5

5

Technical assistance

40

40

Total Resources Pillar 4

4.880

8.779

Sum of Grants

18.435

27.988

Loans

12.728

31.819

Total investment Resources

31.163

59.807

The main objective of Power up is to promote the green transition aiming to increase the share of renewable energy sources (RES) in gross final energy consumption, improve energy efficiency in houses and businesses and reduce greenhouse gas (GHG) emissions.

The reforms and investments included in the component aim to:
• Contribute to the climate and energy plans, through improving energy efficiency and digitalise e- monitoring of energy consumption, including the installation of smart meters, electricity interconnections between the islands and the mainland and in particular the connection of the Cyclades Islands to the mainland’s grid, (reducing energy costs and ceasing fossil fuels based power production),
• Enhance the network capacity and its operation to enable the penetration of RES as well as storage facilities able to accommodate higher shares of RES power generation,
• Contribute to an enhancement of the energy supply security and foster the optimum operation of the energy markets.
• Ensure financial stability and long-term sustainability of the RES-CHP Account, which constitutes a main source for remuneration of the operating RES producers.
• Promote Greece’s national target of total lignite phase-out by 2028 and phase out from fossil fuels, by introducing integrated support measures, including socio-economic and environmental rehabilitation measures, for the redevelopment of affected areas, thus ensuring a just transition.

The main objective of Connect is to cover ground in very-high-speed connectivity, through transition to 5G technology, achieve Greece’s gigabit society targets and improve its digital competitiveness.

• The implementation of investments,
• the installation of fibre optic infrastructure,
• the development of 5G networks covering all major Greek highways and

• the utilisation of space technologies and applications by developing a constellation of small-satellites.

The reforms institute the framework needed to facilitate the switch to fast broadband connections and the transition to 5G technology expected to:
• improve Greece’s position in the international ranking of broadband connections,
• facilitate the development of innovative remote services.

All in all the implementation of this component will generate significant spill-over effects across the society and economy, including job creation, new and better investment opportunities for the industrial sector, and higher efficiency and productivity both for citizens and businesses.

The main objective of component 3.1. is to introduce labour market policy interventions enhancing growth and job creation, improving job quality, strengthening economic and social resilience, promoting labour market inclusion and reducing inequalities, poverty and social and economic exclusion.

Specifically, through a cohesive and targeted intervention involving the modernisation and simplification of the Labour Law, the activation of cutting-edge Active and Passive Labour Market Policies (ALMPs & PLMPs) and the digitalisation of employment and relevant public administration services, the component will significantly promote growth, job creation and economic and social resilience.

Τhe main avenues through which the component will pursue its objectives include, but are not restricted to:
(a) labour market reform, upgrading the market’s ability to create jobs and increasing its resilience in the event of shocks;
(b) incentives-compatible, state of the art Active and Passive Labour Market Policies, enhancing labour market activation, job creation and safety nets against unemployment; and
(c) digital transformation of Employment services.

In a nutshell, the component puts in place labour market reforms and actions incentivisiing higher long – term employment and labour productivity,ultimately delivering higher incomes, enhanced welfare and reduced inequalities.

The main objective of the component 4.1. is to increase the effectiveness, efficiency and and equality of all taxpayers by increasing tax revenue efficiency and strengthening fiscal compliance, while at the same time, it seeks to combat tax evasion and avoidance and aggressive tax planning as well.

The reforms and investments included in the component promote:
• the complete codification of tax legislation so as to increase transparency
• the creation of a new framework aiming to combat smuggling in products subject to excise duties (tobacco, alcohol and energy)
• the adoption of additional measures and incentives so as to further increase electronic transactions
• the implementation of a digitalised and automatic VAT electronic refund procedure
• the introduction of new-technology cash registers across the country
• an ambitious project to implement artificial intelligence in the design of tax audits
• the further digitalisation of the Independent Authority for Public Revenue.