Application for 3^V dose Recovery Fund worth 1.717 billion euros, Deputy Finance Minister Theodoros Skylakakis announced on Monday, maintaining one of the first positions among member states in the relative progress of programs.

Amount €1.717 billion refers to grants and does not include loans. If the request is approved, the fee is expected to be paid after the summer. This amount will be added to the €11.08 billion the country has already raised, bringing the total payout to €12.8 billion. Consequently, in autumn the absorbing capacity of the Greek program, whose total budget is 30.5 billion euros, will reach 42%.

The submission of the request was subject to a number of preconditions, which are becoming more and more complex, as well as they are now about showing progress in investments and not just legislation, as it was to a greater extent in the authorities. For this third request, it was necessary, among other things, to demonstrate progress in 55 tenders.

The next request will be submitted in October and, although not scheduled, will most likely include loans. This will happen if the absorption capacity of loans reaches 3.5 billion euros, from 2.4 billion euros that we have today, which the competent authorities of the Recovery Fund do not exclude, given the good rate of loans. It is noted that the previous tranche also contained loans earlier than planned, precisely because the necessary absorption capacity was reached. It is possible that the same thing will happen in October, according to the Recovery Fund. It is noted that of the 30.5 billion euros of the Greek budget in the Recovery Fund, 12.7 billion euros are loans.

In the meantime, however, there will also be a review of the program as a whole, about which the government that emerges as a result of the elections will negotiate with the European Commission. The review is intended to address issues and address potential new needs, so investments that are not moving forward will be removed and others may be added, and milestone timings will be adjusted to make them feasible.

At the same time, the government will also discuss a request for an additional loan of 5 billion euros under the REPower EU program, from which it will also raise 800 million euros in grants. For REPower EU loans, the deadline for negotiations ends at the end of August, and for the revision of the Recovery Fund program at the end of the year. The current government, however, at the urging of the Commission, intends to submit both requests simultaneously.. Thus, her goal is to complete negotiations in September. This, however, will also depend on the ballot box.

“Greece,” said Mr. Skilakakis, “is a pioneer in the implementation of the National Recovery and Resilience Plan. We are among the first three EU-27 countries to submit a third request for a disbursement from the Recovery Fund. We consistently and absolutely seriously use the possibilities of this valuable financial instrument for the development of the Greek economy.”

As announced by the Ministry of Finance, some of the most important milestones reached by the Greek authorities, which led to the submission of the third payment request, are, first of all, investments, renovation of residential premises under the “Save” program, the launch of the “Charge program everywhere”, when concluding contracts for urban planning and when conducting tenders for public digital transformation projects.

At the same time, in the reform plan, the institutionalization of multi-level governance has been completed with clarification of responsibilities, a new Poten Esches, the National Registry of Mitos cases, a national anti-corruption action plan, a Judicial Charter, a Judicial Charter, cultural employment legislation and for industrial parks, etc. .d.

It is noted that the regulatory reforms were carried out under the coordination of the General Secretariat of the Government, which reports to the Minister of State, Mr. Akis Schertzos, and the responsible Secretary General is Mr. Thanasis Kontogeorgis. The Recovery Fund Special Service (EFSTA), headed by the manager, Mr. Nikos Manzoufa, oversees the implementation of the investment.