The second-to-last request for the disbursement of Recovery and Resilience Facility (RRF) funds has officially been submitted to Brussels.The total amount requested stands at 2.6 billion euros. Of this, 1.4 billion concerns the eighth request, following the completion of 32 milestones, while 1.2 billion relates to the loan component.Given that Athens, like the rest of the European Union member states, has fewer than 100 days left to complete all milestones outlined in the national “Greece 2.0” plan, progress on the implementation of the programme is expected to be discussed at the cabinet meeting to be held on Tuesday.Revised plan under discussionAt the same time, the Greek side is in talks with the European Commission’s relevant departments following the submission of the proposal for the revision of the “Greece 2.0” plan to Brussels. Approval of the revised plan by the Commission is expected in June.The proposal includes targeted adjustments and reallocations of resources, taking into account the implementation progress achieved so far in projects and milestones, without altering the overall financing framework.In this context, support is being strengthened for initiatives such as:– upgrading Mobile Health Units with new portable telemedicine equipment,– expanding the primary pre-seismic inspection programme to an additional 2,000 sports facilities nationwide,– procuring 130 new flexible electric waste-collection vehicles for the Attica Region,– participation in the share capital increase of the Independent Power Transmission Operator (IPTO) to support the implementation of its 2025–2034 Ten-Year Development Programme,– expanding the microsatellite programme with secure satellite connectivity systems and space infrastructure critical for national defence, civil protection, shipping, agriculture and other strategic sectors.Provided that all 134 milestones linked to the final tranche request are completed by the end of August, Athens plans to submit the ninth request under the grants component, amounting to 3.8 billion euros, as well as the eighth request under the loan component, worth 1 billion euros, by the end of September.Full absorption of loan resourcesAccording to Alternate Minister of National Economy and Finance Nikos Papathanasis, all loan resources have already been contractually allocated, with the funds now being channelled into investments across the economy.Based on ministry data:– low-interest business loans from the Recovery Fund have already mobilised investments totalling 27.5 billion euros, with 60% of participating businesses being SMEs, absorbing 5.6 billion,– through guarantees backed by Recovery Fund resources under InvestEU, 15,170 SMEs have gained access to 3 billion euros in financing from the banking system for working capital and investment purposes, while the programme is continuing with enhanced guarantees so that an additional 20,000 SMEs can receive financing,– an additional amount reaching 2 billion euros will be channelled through the Hellenic Development Bank exclusively to SMEs over the coming years.At the same time, 220 million euros has already been invested through venture capital funds in fast-growing Greek companies, with further investments ongoing.The number of signed loan agreements has reached 798, with a total value of 27.5 billion euros. Of this amount, 12.5 billion comes from Recovery Fund loans, 8.8 billion from bank financing and 6.2 billion from investors’ own participation. Of these agreements, 489 concern small and medium-sized enterprises.
Recovery Fund: 97 days to deliver 134 reforms and investments
The total amount requested stands at 2.6 billion euros. Of this, 1.4 billion concerns the eighth request, following the completion of 32 milestones, while 1.2









