By Marcus Ashworth It is reassuring that the European Union continues to enjoy strong investor demand for the debt it sells to finance the € 800 billion Pandemic Recovery Fund (NextGenerationEU). It is less welcome to increase its funding costs by almost 10 times compared to what it paid at the height of the pandemic. […]
Tag: Recovery Fund
Skylakaki call for utilization of cheap borrowing from the Recovery Fund
By Tasos Dasopoulos The Deputy Minister of Finance, Mr. Theodoros Skylakakis, called on investors to take advantage of the current low interest rates on loans from the Recovery and Resilience Fund and to proceed with mature projects, given that the increase in ECB interest rates will change the cost of loans coming from Brussels. It […]
At the gates are four emblematic programs of the Recovery Fund
Of Tasos Dasopoulos Digitization, modernization of the agri-food sector, renewal of the tourism product and energy upgrade for commercial buildings are the programs that will start to be implemented within the month in the form of special subsidies for small and medium enterprises. The Ministry of Finance, from the beginning of the year, dropped the […]
Paolo Gentiloni: After the summer the new Stability Pact
EU Economic Affairs Commissioner Paolo Gentiloni is aiming to unveil a new post-summer stability pact for the eurozone, adding that the new rules are likely to set country-by-country debt targets, according to Reuters. Speaking at an event in Italy, Gentiloni said the commission wanted to make lending limits “less vague and strict”. Gentiloni also stressed […]
Ministry of Regional Development and Infrastructure: The amending decisions for the sub-projects of the ‘Economic Transformation of the Rural Sector’ were signed
The public expenditure of the sub-projects of the Action Economic Transformation of the Rural Sector, which will be implemented in the framework of funding from the Recovery and Sustainability Fund of the Ministry of Rural Development and Food, amounts to 510 million euros. The amending decisions were signed by the competent minister, George Georgantas, and […]
G. Economou: The foreign policy of our country is a policy of consistency, stability and principles
Referring to the extraordinary meeting of the European Council which, as he said, “was dedicated to the Russian invasion of Ukraine but also to its consequences”, the government spokesman, Giannis Oikonomou, began the briefing of the political authors. “After lengthy discussions, the sixth package of sanctions against Russia was finally decided, which includes, among other […]
The great opportunity of Greece with the projects from the Recovery Fund
The role of the Recovery Fund and the large investments that enhance the international image of Greece, were at the center of the discussion during the 2nd day of the 5th Conference on Infrastructure & Transport – ITC 2022, organized by the news websites ypodomes.com and metaforespress.gr. The special session was attended by Nikos Mantzoufas, […]
DIANEOsis: The great opportunity for investment and growth through the resources of the Recovery Fund
Greece will be found with unprecedented resources for a few years. About 17% of the GDP it will receive from the Recovery Fund will, despite the new problems posed by the war in Ukraine, be, perhaps most recently, an opportunity to strengthen the economy through investments that would not have been possible two years ago. […]
Eurobank: The long list of reforms and milestones in the Recovery Fund
The latest issue of Eurobank Research’s “7 Days Economy” focuses on the long list of reforms and investments included in the National Plan for Recovery and Sustainability “Greece 2.0”, but also on the milestones that must be achieved by the end of the year. “After a decade of adjustment, recession and stagnation and a two-year […]
F. Karavias: Dividend distribution from the profits of 2022
By Leonidas Stergiou Inflation, rising energy costs and the uncertainty of war will have an impact on growth and disposable income. However, as stated by the CEO of Eurobank Mr. Fokion Karavias in presentation of the results of the first quarterthe Greek economy has characteristics that differentiate it significantly from the rest of Europe. Despite […]