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  • Slow pace at which RRF funds reaching firms a growing issue

    Economy

    A regular note on the Greek economy published by the Bank of Greece has highlighted concerns about the benefits from the RRF facing headwinds given the scheme’s demanding and finite schedule, the need to meet tight milestones and the legacies of the decade-long crisis, which has dented Greek entrepreneurship.

  • Photo via https://flic.kr/p/GG7K6F Management of RRF funds sparks new political tension

    PoliticsGreek Politics

    Greece’s use of the funds available via the RRF has become a contentious political issue after the two main opposition parties, SYRIZA and PASOK, declined to vote in favour of the next request for loan and grants from the European Union.

  • PBO sees 2024 growth of 2.5 pct hinging on RRF and investments

    EconomyMacroeconomy

    The Parliamentary Budget Office (PBO) published on Monday its latest quarterly report in which it is broadly positive about the prospects of the Greek economy in 2024, though it does flag up concerns about the effects of persistent inflation, the implications of the latest minimum wage rise and the critical role of the RRF for growth forecasts to materialise.

  • Photo by EC - Audiovisual Service Great Expectations: Is Greece 2.0 hitting the target?

    By: Georgia Nakou

    EconomyFeatures

    Funding from the EU’s Recovery and Resilience Facility has been central to shaping expectations of economic recovery in Greece as the country emerges from its ten-year economic crisis and the Covid-19 pandemic.

  • Photo by EC - Audiovisual Service EC tweaks forecasts, sees 2023 growth at 1.2 pct

    EconomyMacroeconomy

    The European Commission updated its estimates in the latest winter forecasts, essentially retaining the view it held in the autumn, seeing modest growth of 1.2 percent in 2023, after a rise of 5.5 percent in 2022.

  • Photo by MacroPolis Questions posed about pace of absorption for RRF funds

    PoliticsGreek Politics

    As the dust settled from this week’s forest fire on the outskirts of Athens, SYRIZA turned its attention to the government’s performance in absorbing funds from the European Union’s Covid response package, the Recovery and Resilience Facility.

  • Photo by EC - Audiovisual Service Concerns about RRF growing as deadlines loom

    PoliticsGreek Politics

    There are growing concerns about whether the Greek government can keep up with the pace necessary to ensure the release of EU funding from the Recovery and Resilience Facility (RRF) for a wide range of projects, while Bank of Greece governor Yannis Stournaras has urged the authorities to ensure that the money goes to the appropriate enterprises.