On Monday 16 May, the European Commission authorised a €2 billion Greek investment aid scheme to promote a sustainable recovery. The scheme was approved under the State aid Temporary Framework.
The aid will take the form of soft loans and will be used to finance investments in tangible and intangible assets to facilitate the development of economic activities under the strategic pillars of the Greek Recovery and Resilience Plan: the green transition, digitalisation and innovation (R&D).