The house appears optimistic about the prospects of the Greek economy, forecasting growth of 6.1% this year and 4.3% in 2022. Of Eleftheria Kourtali Moody’s characterizes the ECB’s decision for Greece and its borrowing costs as crucial, essentially showing the reason why the house chose to keep a wait-and-see attitude and not to publish […]
Tag: Recovery Fund
Sp. Theodoropoulos: We return to the period of irrational trade unionism
By George Lampiris “As soon as the pandemic is over, we will have to return to primary surpluses, noting that the goal is not to reach a new crisis and new bankruptcy in the coming years,” said businessman Spyros Theodoropoulos from the Fortune CEO Initiative 2021. We see extreme things happening around us, I was […]
UBS: Greece is the champion of development – The four factors that lead it to the top
Of Eleftheria Kourtali Greece will be the champion of development in the period 2022-2023 in the region of Europe, the Middle East and Africa (EMEA), as UBS points out, after the also impressive 2021. The Swiss bank continues to estimate that the growth of the Greek GDP will move to 7.9% this year and to […]
Goldman Sachs: Greece and the rest of the South will judge the success story of the Recovery Fund
Her Eleftherias Kourtali Given the significant investment gaps in southern European countries seen before the pandemic recession, the Recovery Fund and its emphasis on investment support are expected to facilitate the “consolidation” of sustainable development, according to a new report. Goldman Sachs. With almost 65% of the recovery fund’s resources going to southern Europe, progress […]
The whole plan of the banks for the Recovery Fund
By Leonidas Stergiou The banks are waiting for the final details of the Recovery Fund procedures, along with the first disbursements expected in early 2022. The strategic planning departments have already calculated the demand for new loans due to the Recovery Fund, but also those that will arise from the overall growth of the Greek […]
Spain becomes first EU member state to formally request disbursement from Recovery Fund
Spain has formally asked the European Union to pay the first tranche of 10 billion euros from the Recovery Fund, and thus became the first EU member state to do so, the Ministry of Budget announced today. The southern European state received an advance of 9 billion euros in August out of a total of […]
Bank battle for 100,000 business loans
By Leonidas Stergiou The four systemic banks have taken a battle position, claiming shares of 25% -30% of the new loans that companies will need in view of the Recovery Fund and the upward cycle of the economy until 2027. In the first phase, about 2,000-2,500 large companies have come under the microscope, which will […]
Commission: Growth of 7.1% in 2021 and 5.2% in 2022 with investment, tourism and consumption guide
LAST UPDATE: 12.18 By Tasos Dasopoulos The European Commission forecasts growth of 7.1% for this year and 5.2% for 2022 in its autumn forecasts for Greece, guided by investments from the funds of the Recovery Fund and the recovery of private consumption and tourism. The European Commission in its autumn estimates makes a significant revision […]
The Recovery Fund is ‘rebuilding’ – What will be the changes
By Tasos Dasopoulos Changes in the use of Community funds amounting to 30.2 billion euros from the Recovery Fund, but also of the 22 billion expected with the NSRF 2021-2027, are planned by the Ministry of Finance, wanting to supplement investments and funds in the total of 9.63 billion. available so far for green investments […]
Grant Thornton – National Recovery Plan: Funding Opportunities and Opportunities for Participation Funds
Grant Thornton presented a study on how funds from the Recovery Fund can finance the investment plans of the funds and what multiplier effects this has on the economy. According to the relevant study, the domestic economy is expected to be strengthened by the utilization of the Recovery and Durability Mechanism. In particular, regarding the […]
