Investment projects worth approximately €4 billion that were thought to have secured financing through the Recovery Fund (RRF) may not proceed due to a lack of funds.
These are large energy projects, tourism and commercial projects or real estate plans by large-cap companies that, while they rushed to submit a complete financing request by the end of May, will ultimately not be included in the RRF, as its resources are running out.
The problem of the Recovery Fund was already evident from the end of 2025.
At that time, the Finance Ministry, seeing that there were delays in the absorption of the Fund’s loan resources and in view of the revision of the program, decided to transfer approximately €2 billion to the Hellenic Development Bank, to prevent the loss of those funds.
It also decided to bring forward the deadline for submission and approval of funding applications, three months earlier from the end of August to the end of May.
