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Pierrakakis Estimates That 6 Bln Euros Will Be Chanelled to IT and Telecoms Projects

September 16, 2021

ATHENS — Digital Governance Minister Kyriakos Pierrakakis estimated on Wednesday during a discussion with representatives of companies in the Greek IT and telecommunications market at the premises of the Thessaloniki International Fair (TIF) that 6 billion euro funds will be chanelled to Greece's information and telecoms sector over the next few years.

"This package will allow the financing of projects that will not only close wounds of the past but also open doors to the future," he said. The minister also pointed out that in order to take advantage of the huge opportunity created, the required project tendering processes must proceed quickly, but at the same time he expressed the optimism that everything will be done "on time".

"Especially with regard to the Recovery Fund, the European Commission has said that about 20 percent (of the resources) in each country should be channelled to IT and telecommunications projects. In Greece, this percentage is about 25 percent and together with the other financial possibilities they create a very large source of funding, which enables us to implement not only what is necessary, but also what is desired," the minister said.

"We are talking roughly about 6 billion euros for this area in the coming years. I am optimistic that this huge project will be achieved," he underlined.

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