Mar 16 • 16:47 UTC 🇬🇷 Greece Naftemporiki

Business Loans of the Recovery Fund: Deadline for Agreements Set for May 29, 2026

The Deputy Minister of National Economy and Finance of Greece announced a deadline of May 29, 2026, for agreements related to low-interest business loans from the Recovery Fund after discussions with the European Commission.

The Greek Deputy Minister of National Economy and Finance, Nikos Papathanasis, has officially communicated the deadline of May 29, 2026, for entering into loan agreements under the government's low-interest business loan program tied to the Recovery and Resilience Fund. This announcement was made to the heads of participating banking institutions following an agreement established with the European Commission.

This loan program has successfully mobilized private investments amounting to 21.58 billion euros, with a significant impact on business activity, especially benefiting small and medium-sized enterprises (SMEs). The government's efforts in leveraging these loans aim to provide necessary financial resources to stimulate entrepreneurial ventures and foster growth within various sectors of the economy.

Moreover, the combination of Recovery and Resilience Fund loans, bank loans, and investors' own resources is seen as a crucial mechanism in enhancing the country’s developmental dynamics. The Ministry has emphasized that this collaborative financial approach aims to strengthen the economic landscape and pave the way for sustained recovery post-economic downturns.

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