Greece files 3.56 billion euro request from EU

Mitsotakis Ellada 2 0 plan 1

Greece has officially requested funds from the European Union within the context of the National Recovery and Resilience Plan "Greece 2.0", after meeting all criteria and objectives set out.

On Wednesday, the Greek government filed its first request for the disbursement of 3.56 billion euros following completion of all relative landmarks and goals.

The 15 landmarks and goals, agreed with the EU, include among others preparations to extend loans to enterprises by banks, creating a legislative framework to promote green transition, reforming the labor market, health, business activity, transport and taxation and promoting infrastructure in civil protection and justice.

This tranche will represent 1.72 billion euros in subsidies from the Recovery Fund and 1.84 billion euros in loans.

Greece is one of the first countries to submit a request for disbursement. It received advance payments worth 3.96 billion euros (2.31 billion in subsidies and 1.65 billion in loans) in early August.