Recovery of the Greek Economy
THE GREEK GROWTH AGENDA WILL BE SUPPORTED BY EUROPEAN
FUNDS
Greece's National Recovery and Resilience Plan, named Greece 2.0, aims at converging towards an
extroverted, competitive, green and digital growth model. It builds on an ambitious set of reforms and
investments, totaling EUR 60bn over 2021-26 (of which EUR 31bn from the Resilience & Recovery Fund)
Closing the output, investment and
employment gaps
Key investments (1)
Pillar 1
Green
Transition
Energy efficiency of buildings
• Energy storage
Key reforms (1)
• Reform of licensing procedure
for renewable energy sources
• Promotion of e-mobility
Key objectives of Greece 2.0
Strengthening social cohesion
The 4-pillar approach of Greece 2.0
Pillar 2
Digital
Transformation
• 5G infrastructure and fast
broadband connections
• Public sector digitization
• Plan for "customer-centric"
digital services by the P.A.
• Transition to fast broadband
Leaning against the effects of the
pandemic
Pillar 3
Employment, skills and
social cohesion
• Incentives for private investment
Public-Private Partnerships in
.
new, large infrastructure projects
• Reforms to simplify and improve
the business environment
• Labor law reform
Pillar 4
Private investment &
transformation of the
economy
• Training of the workforce
Large investments in health,
education and social inclusion
• Reform of labor market policies
Digitalization of education
Budget
(RRF/Total
Mobilized (2))
Grants
EUR 6.2bn / EUR 11.6bn
Loans (3)
Source: Ministry of Finance
•
EUR 2.2bn / EUR 2.4bn
•
EUR 5.2bn / EUR 5.3bn
EUR 4.8bn / EUR 8.7bn
EUR 12.7bn / EUR 31.8bn
Notes: (1) A more comprehensive list of investments and reforms envisaged in the context of Greece 2.0 can be found in appendix; (2) Includes both RRF and private investments; (3) The EUR 12.7bn of RRF loans through three distribution
channels: (i) IFIs, (ii) commercial banks and (iii) an equity platform managed by the Hellenic Development Bank of Investments
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RECOVERY OF THE GREEK ECONOMY
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