More than 8 billion euros will be channeled into the Greek market in 2016 through the Public Investments Program (PIP) and international organizations such as the European Investment Bank, the European Bank for Reconstruction and Development (EBRD) and more, Deputy Minister for NSRF Issues Alexis Charitsis said in an interview with a Greek newspaper published on Sunday.
According to Charitsis, about 6.75 billion euros will derive from the PIP, of which 6 billion will be provided by the EU and the rest from domestic funds. “These funds will multiply by the leverage created by placing them in the market,” he was quoted as saying by To Vima newspaper.
2 billion euros private funds
Concerning private funds, these will be granted by EIB, EBRD, which, under certain conditions, could reach 2 billion, he added.
The minister explained that the new NSRF funds will be used to support small and medium-sized infrastructure and strengthen the self-employed and small businesses. Priority will be given to sectors characterized by “openness, innovation and high added value” and cover eight main themes identified at a European level: Agrifood, Life Sciences – Health – Drugs, Information and Communication Technologies, Energy, Environment and Sustainable Development, Transport, Materials – Construction and Tourism – Culture – Creative Industries.
Greece Best ‘User’ of NSRF
In the meanwhile, Greece is among the EU countries with the highest absorption rates of National Strategic Reference Framework (NSRF) funds for the 2007-2013 period, the economy ministry announced in a statement.
Citing official data released by the European Commission, Mr. Charitsis noted that Greece will have made use of all EU support available – also known as ESPA funds – by December 31st, and that the ministry’s “planning and hard work have yielded very positive results, improving the economic climate and helping us overcome obstacles and problems inherited from previous governments”.
Greece became the first EU country to have approved the Management and Control System for NSRF 2014-20 programs, making it the first member state among the EU-28 to be able before the end of 2015 to submit payment requests for all new period programs.
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