Greece Unleashes Growth with Financial Tools

Greece Unleashes Growth with Financial Tools

Business

Greece is balancing fiscal stability with targeted growth initiatives, according to National Economy and Finance Minister Kyriakos Pierrakakis. At a press conference on financial tools for economic support, he highlighted efforts to streamline bureaucracy and maximize the use of public and EU funding, CE Report quotes Athens-Macedonian

Key points included:

  • A record €14.5 billion Public Investments Programme (PIP) for 2025, rising to €16.5 billion in 2026.

  • Greece ranks 2nd in EU fund absorption, with upcoming Recovery and Resilience Facility (RRF) payments totaling €7.4 billion expected by year’s end.

  • Ongoing programs include preventive health screenings, “My Home II” for young homebuyers (60% under age 37), and support for women entrepreneurs through subsidized microcredit.

  • An €84 million recovery plan targets flood-hit Thessaly.

  • Just Transition initiatives offer 70% subsidies for small islands, and PPPs worth €1.2 billion are nearing agreement.

  • Investments via the Hellenic Development Bank and its Investment branch significantly multiply economic impact, with returns up to €23.21 per €1 invested.

The government’s approach emphasizes efficient fund use and economic resilience through public-private cooperation and strategic development programs.

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