The Ministry of National Economy is working at full speed this August to complete the final milestones required to submit the 9th and final grant request and 8th loan request under the EU Recovery and Resilience Facility (RRF), worth a combined €6.7 billion.
Launched in 2021, the RRF expires at the end of 2026. Greece’s allocation totals €35.95 billion – €18.22 billion in grants and €17.73 billion in loans – making its completion a major test of the country’s ability to deliver investments and reforms.
The 8th grant request and 7th loan request, submitted in May, are expected to be approved in early September, with around €4.6 billion reaching state coffers by the end of that month. The package comprises €865 million in grants and €3.68 billion in loans.
The final request, expected by the end of September, will cover €4.4 billion in grants and €2.3 billion in loans. It is linked to 123 milestones – 117 for grants and six for loans. Among the most challenging are construction-related projects, including infrastructure damaged by Storm Daniel in 2023, Crete’s Northern Road Axis and research-center facilities.
Authorities also highlight the certification of the Hellenic Development Bank’s pillar assessment, which has secured €2 billion in loans for SMEs, potentially allowing lending to begin as early as the end of September.
