Greece to Receive €5.5B from Next Generation EU Funds in 2021

November 20, 2020

ATHENS — Public consultation on a National Recovery and Stability Plan will begin in November 25, while the final plan is expected to be submitted to EU bodies in the first quarter of 2021 and to be approved in the next quarter when the first release (advance payment) of funds from a Recovery and Resilience Facility is expected, with another release likely to be made in 2021, the state budget said.

The Recovery and Resilience Facility covers investments and programmes (vocational or energy upgrading) along with reforms made since February 2020 onwards, the budget said, adding that the macroeconomic impact of interventions to be made in 2021 will positively affect the country's GDP and public revenue both in 2021 and in 2022 and the years after. React-EU will also have a significant contribution as it will include actions and spending to deal with the repercussions of the pandemic. Funds expected to be received by all the tools from the Next Generation EU mechanism in 2021, including loans, are projected to exceed 5.5 billion euros, the budget noted.


ATHENS - Once dominating the world’s maritime industry, Greece’s shipping fleet now finds itself trailing Japan and China in total asset values for vessels and fleet size.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


NYC Officials Shutter Furniture Store Illegally Converted to House More than 40 Migrants

NEW YORK (AP) — A New York City furniture store that had been illegally converted into sleeping quarters for more than 40 migrants has been shut down by city officials.

ATHENS – The international financial and investment community is turning its attention to a 26-year-old Greek who emerged as one of the leading investors in the world, for the year 2023.

CHICAGO, IL – Calamos Investments LLC, a global investment manager, on February 13 announced the launch of the Calamos Alternative Nasdaq & Bond ETF (Nasdaq: CANQ).

ASTORIA – More than 80 members and friends of the Epirus and Northern Epirus Societies attended the celebration of the double anniversary of the liberation of Ioannina and the autonomy of Northern Epirus, which took place at the ‘Epirotiko Spiti’ in Astoria on February 25.

WASHINGTON (AP) — Mitch McConnell, the longest-serving Senate leader in history who maintained his power in the face of dramatic convulsions in the Republican Party for almost two decades, will step down from that position in November.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.