Greece's new NSRF program first to be approved among EU countries, Commissioner Ferreira says; PM, Dev't Minister respond

Greece's new NSRF program first to be approved among EU countries, Commissioner Ferreira says; PM, Dev't Minister respond

Greece became the first country to have its NSRF 2021-2027 program proposal approved, European Commissioner of Cohesion and Reforms Elisa Ferreira told Prime Minister Kyriakos Mitsotakis and Development & Investments Minister Adonis Georgiadis during a working teleconference on Thursday.

Ferzeira said that she was pleased to announce that the Commission approved the Greek Partnership Agreement (as the new NSRF is called) earlier in the day, and it also proved the preparation of the Greek government, which "worked very, very hard in all negotiations."

The new NSRF releases 26.19 billion euros to Greece over the next seven years.

Responding, PM Mitsotakis said that "if we look at the total amount, this new partnership agreement for regional development represents - if state contributions are added - a total of 26.2 billion euros in funding for the next six years." Of the total, 20.9 billion euros is contributed by the EU and 5.3 billion by the Greek state.

If one were to add to these subsidies of 18 billion euros, 13 billion of loans through the EU Recovery Fund and the new Common Agricultural Policy and all other EU funding packages, they come to nearly 77 million euros, Mitsotakis said. "We have 77 billion euros available to boost the fast recovery of the Greek economy. We have worked very, very hard to achieve this," he added.

In 2020, Greece led other EU countries in NSRF absorption. The new plan is higher than the 2014-2020 one, which amounted to nearly 23 billion euros.

Dev't Minister Georgiadis personally thanked the Commissioner for her group's hard work, "during a terrible year in which we were called to manage the Covid-19 pandemic."

Following the teleconference with Ferreira, Georgiadis and related secretaries general presented the NSRF 2021-2027 plan.

Georgiadis noted that the greatest use of the new plan will be allocated to reducing unemployment, upgrading health and education, social solidarity actions (such as reducing childhood poverty, reducing inequalities), all budgeted at 6.2 billion, followed by green economy plans (5.6 billion), digital transformation (4 billion), upgrading of infrastructure (1.6 billion), just transition to post-lignite era (750 million), and viable development and interventions in urban, rural and island regions (1.2 billion).

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