Friday, March 27

Greece Gets Green Light for €1.18 Billion EU Recovery Funds


European Commission headquarters.
Greece moves closer to receiving €1.18 billion in EU recovery funds after winning the European Commission’s approval for its seventh payment request. Credit: tiseb, CC BY 2.0/flickr

Greece is moving closer to another major tranche of EU recovery funding after the European Commission approved the country’s seventh payment request under the Recovery and Resilience Facility. The decision opens the way for the disbursement of €1.18 billion ($1,3 billion), including €884 million ($1,019 billion) in grants and €294 million ($339 million) in loans.

The Commission said Greece completed 20 milestones and six targets set out in the relevant Council implementing decision. The measures tied to the request form a broad package of reforms and investments that will affect both citizens and businesses, with a strong focus on the energy transition, transport, social inclusion, digital public services, healthcare and the broader business environment.

Greece targets energy, inclusion and digital services

One of the most notable projects will create Greece’s first carbon dioxide storage facility. The plan also introduces an annual storage monitoring system to reduce industrial emissions, marking an important step in the country’s environmental transition.

On the social front, the recovery plan will provide personal assistants to at least 1,500 people with disabilities. The measure aims to strengthen social cohesion and support more independent living.

At the same time, Greece continues to modernize essential public services. Authorities are advancing the full digitalization of driver’s license-related services, including issuance, renewal, vehicle transfers and license plates, to cut bureaucracy and simplify procedures for the public.

EU recovery funds drive healthcare and tax upgrades

Healthcare remains another major pillar of the latest payment request. Crews are renovating nine hospitals and 15 primary care units, while health authorities are also setting up nationwide units to manage chronic diseases.

Meanwhile, tax authorities are pushing ahead with reforms by upgrading the information technology systems of the Independent Authority for Public Revenue. They are also strengthening audit equipment to improve inspections and increase public revenues.

Investment support and the next steps

The economic component of the plan expands access to affordable housing loans and adds new incentives for private investment. These measures include co-financed corporate loans, InvestEU guarantees for small and medium-sized enterprises, and capital support for innovative businesses.

The Commission has sent its preliminary assessment to the Council’s Economic and Financial Committee, which is expected to deliver its opinion. If the committee issues a positive opinion and the Commission grants formal final approval, Greece will receive the funds.

Greece submitted its seventh payment request on December 19, 2025. Overall, the country’s recovery plan includes €18.22 billion ($21 billion) in grants and €17.73 billion ($20,4 billion) in loans.

With this latest approval, total disbursements to Greece are expected to reach €24.62 billion ($28,4 billion), including pre-financing already paid. That would amount to 68.5 percent of the plan’s total resources, while Greece would have completed 48 percent of all milestones and targets.





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