Displaying items by tag: eu recovery fund

Greece has reached a crucial agreement with the European Commission to secure €600 million in funding from the EU Recovery Fund, avoiding the risk of losing the resources due to strict deadlines tied to the country’s urban planning program.

The EU Recovery Fund is a "positive development," said SYRIZA leader Alexis Tsipras, especially so for the southern European countries, speaking in an interview with Alpha TV on Thursday evening. 

Greece is expected to have a net allocation of 33.4 billion euros from a European recovery fund, while the country’s contribution to the fund will total 10.1 billion euros for a gross receipt of 43.5 billion euros, according to a plan presented by the European Commission on Wednesday.