Greece Unleashes Growth with Financial Tools

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.