Greece applies for more than 25 billion euros in development funds

Greece applies for more than 25 billion euros in development funds 1

Greece has submitted a funding proposal to the European Union worth more than 25 billion euros, announced the Development and Investments Ministry on Monday.

According to the announcement, the final application of the 2021-2027 National Strategic Reference Framework (NSRF) proposal was submitted yesterday to the European Regional Development Fund (ERDF).

“Our goal is to immediately provide additional liquidity to Greece’s economy, and to partner with the EU Recovery Fund in a major effort to change the country’s productive model, to protect the environment and to create thousands of new jobs.” said Mr. Adonis Georgiadis, Minister for Development and Investment.

Under the new NSRF, Greece stands to receive a total of 26.2 billion euros for the next seven years from the European Regional Development Fund (ERDF), of which 20.9 billion is EU support and 5.3 billion euros is the country’s contribution.

Approval is expected by the end of July.

 

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