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Knowing the Greek Data recovery and Resilience Facility (RRF) funds

Knowing the Greek Data recovery and Resilience Facility (RRF) funds

In the context of Regulation (EU) creating the new Healing and you can Resilience Device and also the Recovery and you may Strength Facility (the brand new RRF), Greece released, as well as on the fresh new Council of European union acknowledged, the new Federal Data recovery and you may Strength Package, “Greece dos.0” (new NRRP) aiming to limit the effect of one’s COVID-19 drama toward Greek economy.

Area of the expectations underneath the NRRP should be boost individual capital and you may promote structural reforms one to, as well as others, usually enhance the competitiveness of one’s Greek savings, improve manufacturing, manage the efforts while increasing exports. During the using brand new NRRP, Greece are eligible to mark Eu finance of €30.5 mil altogether (€17.8 mil in the way of non-repayable gives and you will €12.eight million in finance) underneath the RRF.

Specifically, area 4.eight of one’s NRRP includes conditions for the creation of an effective court design from the federal level in order to assists the brand new giving out of funds to invest in long-identity renewable personal opportunities aimed at producing extra productive value to possess the new savings, expanding employment and you will exports and you will, above all, promoting the new digital and environmentally friendly transformation regarding Greece.

An investment bundle (new Ip) normally discovered funding using RRF fund on condition that (a) the brand new Internet protocol address is part of a minumum of one of NRRP pillars and (b) all can cost you within the Ip finances compensate qualified can cost you.

NRRP pillars: The five NRRP pillars are: (a) environmentally friendly transition; (b) electronic transformation; (c) inent regarding economies off measure thanks to partnerships, acquisitions and you may mergers; and you may (e) extroversion. step one

NRRP qualified can cost you: An ip represents entitled to financing if this complies that have the particular quantitative requirements establish below for every single mainstay (elizabeth

g., about 20% and you will ten% from eligible will set you back of Internet protocol address budget contributing to the new objectives away from expenditures tagged once the eco-friendly and you can electronic, respectively), at the mercy of as well as meeting specific extra qualitative standards (associated, in particular, to your a couple of pillars away from inent from economic climates regarding size as a result of partnerships, acquisitions and you will mergers).

Eligible will cost you must be obtain when you look at the Greek area and you can, on the other hand, the brand new Internet protocol address need to be then followed into the Greek region

The latest categories of qualified can cost you can be particular and you may limiting. It include, instance, the purchase off residential property plots (as directly associated with the brand new Internet protocol address and not so you can go beyond 30% of one’s eligible will set you back of Internet protocol address), structures, stadiums, products, intangible goods, payroll, consumables, functioning expenses, transport, working capital and you can product sales expenses.

RRF funds (RRF Money) can cover a maximum of 50% of the complete eligible funding cost of the newest Internet protocol address (while if your Internet protocol address is approved Alexandria in Romania wives not as much as among the NRRP pillars, the newest RRF Financing can not be below 30% of Ip finances), 2 as the personal involvement need certainly to shelter about 20% of the total eligible financing prices. It is very important remember that private participation will come away from individual finance, subordinated financing otherwise a share inside the type, hence need to be physically connected to the qualified money that can not go beyond 10% of your own eligible financial support prices. Lastly, at the very least 29% of total eligible capital pricing have to be covered thanks to loans out-of commercial banks (Co-resource Finance)mercial banks may give next finance (and Co-financing Financing) to fund ineligible Ip costs (the other Loans).

The rate to possess Co-financial support Fund and extra Financing depends on the market industry speed, on discretion of your industrial finance companies. The minimum interest with the giving from RRF Loans are determined by ministerial decisions. With regards to the related choice of the Deputy Minister from Money, the minimum rate of interest is set:

  • to have small enterprises, within 0.35%; and you may
  • some other enterprises, at the 1%.

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