The National Recovery and Resilience Plan “Greece 2.0”. “Greece 2.0” was approved by ECOFIN on 13 July 2021.
The “Greece 2.0” plan includes 106 investments and 68 reforms, utlising investment resources of 31.16 billion euros, of which 30,5 billion European funds (17.8 billion euros in grants and 12.7 billion euros in loans) will mobilise a total of 60 billion euros in investments in the country over the next five years.
OBJECTIVES – STRATEGY – BENEFITS
The National Recovery and Resilience Plan (NRRP) “Greece 2.0” aspires to lead the country’s economy, institutions and society into a new era; to spark a paradigm shift towards a more extroverted, competitive and green economic model, matched with a more efficient, less bureaucratic, digitalised state, a more growth-friendly tax system, a dramatically reduced informal economy, and a strong, resilient and inclusive social safety net.
Click here for a brief presentation of Recovery and Resilience Facility Loans (RRF Loans)
PILLARS & COMPONENTS
Green transition
| Top investments | Flagship Reforms |
| Economise for households, businesses and public cector | Simplification of licensing procedures for RES |
| Island electrical interconnections and energy storage investments | Promotion of electric mobility through a modern institutional framework |
| National reforestation plan, investment in biodiversity and strengthening civil protection | Implementation of the urban and spatial planning reform |
| Urban plans & strategic urban renewals | Urban wastewater treatment infrastructures in settlements of 2000 inhabitants in tourist areas |
Digital Transformation
| Top investments | Flagship Reforms |
| 5G infrastructure, fiber optic infrastructure in buildings, digital interconnection of the Greek islands | Development of an Action Plan for the provision of “customer-centric” digital services from the public administration side |
| Digital transformation of the Public Sector (Health, Education, Justice, EFKA, Urban planning, licensing, etc.), with an emphasis on interoperability and citizen service | Transition to 5G technology and facilitate the development of innovative digital services |
| Digitization of the tax authorities and their online interface with businesses | Promoting the transition to fast broadband |
| Digital transformation of SMEs |
Employment, skills and social cohesion
| Top investments | Flagship Reforms |
| Major investments in health, education and social integration of vulnerable groups | Radical review and modernization of the system of upgrading the skills of the working population |
| Major investments in health, education and social integration of vulnerable groups | Labor law reform (modernization and simplification) |
| Reform of active and passive employment policies | |
| Digitization of educational material and content | |
| Primary health care and digital service for telemedicine | |
| Equality and discrimination assessment mechanism in the workplace | |
| Strengthening nurseries in businesses | |
| Incentives to increase declared work in the field of culture and combat artist copyright theft |
Private Investments and Transformation of the economy
| Top investments | Flagship Reforms |
| Strong incentives for private investment (green, digital transformation, innovation, extroversion) | Reforms to simplify the business environment, facilitate business and support investments |
| Public-Private Partnerships in new, major infrastructure projects (irrigation, railways) | Upgrading the country’s research centers |
| Investments in the fields of culture, tourism and agri-food |
Description of Reforms and Investments:
Pillar 2: Digital Transformation
Pillar 3: Employment, skills and social cohesion
Pillar 4: Private Investments and Transformation of the economy
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