Revised National Recovery and Resilience Plan is expected to be submitted
Revised National Recovery and Resilience Plan is expected to be submitted
  Investments  |  Economy  |  Infrastructure  |  Greece

Revised National Recovery and Resilience Plan is expected to be submitted

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RE+D magazine
15.05.2025

Barring unforeseen developments, the revised National Recovery and Resilience Plan is expected to be submitted today, as announced by Deputy Minister of National Economy and Finance, Nikos Papathanasis, speaking to ERTNews.

As the Recovery and Resilience Facility (RRF) is set to conclude in August 2026, the Greek government has decided to withdraw certain projects unlikely to be completed by that deadline. These projects have been transferred to the NSRF (Partnership Agreement for the Development Framework).

Earlier this month, the European Commission disbursed €3.1 billion to Greece under the RRF, following the successful completion of the country’s fifth payment request, which was submitted at the end of December 2024. With this installment, Greece has now received a total of €21.3 billion—over 59% of the total budget of the national plan Greece 2.0.

According to the Ministry of National Economy and Finance, the latest disbursement corresponds to the completion of 32 milestones and targets—29 from the grant component and 3 from the loan component. In total, Greece has now fulfilled 139 milestones, representing over 35% of the plan's 394 overall targets.

Key Projects and Reforms Under the RRF

On the grant side, notable milestones included:

Contracting of urban planning studies for 750 municipal units across the country.

More than 65 strategic urban redevelopment projects in municipalities—including the regeneration of Votanikos and the Athenian Riviera.

Implementation of the “antiNERO” forest protection plan, reforestation projects, and erosion and flood control works in Evros and Rhodope.

In addition, the following initiatives have been completed:

Approvals for over 20 innovation centers at Greek universities and 70 research excellence partnerships between universities and private sector companies.

Energy upgrades of 8,000 additional homes under the “Energy Efficiency at Home” program.

Launch of new energy-saving initiatives.

Key reforms promoted include:

Acceleration of VAT refunds.

85% completion of land registry mapping by the National Cadastre.

Legislative framework for the rollout of high-speed broadband infrastructure.

On the loan side, milestones involved:

Contracting of over €7 billion in RRF-backed loans.

Activation of key housing initiatives such as “My Home II” and “Upgrade My Home”.