Greece receives the fourth tranche of almost 1 billion euros under EU Recovery and Resilience Plan
The European Commission paid Greece the fourth tranche under the Recovery and Resilience Plan (RSP) worth 998.6 million euros. This was reported by the Greek state television ERT, quoted by BTA. As for all EU member states, payments to Greece under the Plan are performance-based and depend on the implementation of the investments and reforms set out in the national plan. The fourth payment for Greece is related to reforms such as the development of the information system of justice and the increase of electricity production from renewable sources, investments in afforestation and fire prevention.
The total value of Greece's financing under the Recovery and Resilience Plan is 35.9 billion euros, of which 18.2 billion are subsidies and 17.7 billion are loans.
Compiled by Miglena Ivanova
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