Regulation (EU) 2021/241 of the European Parliament and of the Council of the European Union establishing the Recovery and Resilience Mechanism was published on 12.02.2021 in the Official Journal of the European Union. The overall objective of the mechanism is to promote the economic, social and territorial cohesion of the Union, improving resilience, crisis preparedness, adaptation capacity, development potential of the Member States and mitigating the social and economic impact of the existing crisis. In order to achieve the general objective, a specific objective is defined as the provision of financial support to the Member States in order to achieve the milestones and objectives of the reforms and investments.
In our country, the National Recovery and Resilience Plan "Greece 2.0" was approved on 13.07.2021 by the Economic and Fiscal Affairs Council of the European Union (Ecofin). "Greece 2.0" includes 106 investments and 68 reforms, distributed in 4 pillars and collects 31.16 billion euros of which European funds 30.5 billion euros (18.43 billion euros aid and 12.73 billion euros loans) to mobilize €60 billion of total investment in the country over the next five years. "Greece 2.0" aims to transition to a new era at an economic, social and institutional level, through fundamental changes in the economic model towards a more extroverted, competitive and green production model, with a more efficient and digitized state, less bureaucratic, with a drastically reduced underground economy, with a tax system friendly to development and with a quality and efficient social protection network, accessible to all.
The total amount approved by the Recovery Fund for the projects of the Ministry of Climate Crisis and Civil Protection amounts to €408,335,220.00 plus VAT.