€6 billion to be channelled into Greek IT and telecoms projects

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Digital Governance Minister Kyriakos Pierrakakis estimated on Wednesday during a discussion with representatives of companies in the Greek IT and telecommunications market at the Thessaloniki International Fair (TIF) that €6 billion funds will be channelled to Greece’s information and telecoms sector over the next few years.

“This package will allow to finance projects that will not only close wounds of the past, but also will open doors to the future,” he said.

Digital Governance Minister Kyriakos Pierrakakis at the Thessaloniki International Fair on September 15, 2021. IT
Digital Governance Minister Kyriakos Pierrakakis at the Thessaloniki International Fair on September 15, 2021.

The minister also pointed out that in order to take advantage of the huge opportunity created, the relevant tender procedures for the projects must proceed very quickly, but at the same time he expressed the optimism that everything will be done “on time”.

“Especially with regard to the Recovery Fund, the Commission has said that about 20 percent (of the resources) in each country should be channeled to IT and telecommunications projects. In Greece this percentage is about 25 percent and together with the other financial possibilities they create a very large source of funding, which enables us to implement not only what is necessary, but also what is desired,” the minister said.

“We are talking roughly about €6 billion for this area in the coming years.

“I am optimistic that this huge project will be achieved.”

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