Greece is preparing to submit the 7th request, amounting to 3.5 billion euros (grants and loans) in December, after the disbursement of the 6th installment from the grant component of 2.1 billion euros.
At the same time, the approval of the revised Recovery Plan is expected at the meeting of the Council of EU Finance Ministers on December 12.
Regarding the 6th payment request from the loan component, amounting to 1.8 billion euros, it is intended to be submitted within the year. In fact, there is a possibility that the request from the loan component, also amounting to 1.8 billion euros, relating to the 7th tranche, will be submitted in the first months of 2026 together with the eighth request.
According to the European Commission, the implementation of the Recovery Plan is progressing smoothly with a significant part of the reforms having been completed with benefits for the Greek economy. In the investment component, the implementation of several of the reforms began relatively recently and is still ongoing, while the majority of the investments financed through the Loan Component of the Recovery Fund will be implemented gradually in the coming years.
Therefore, the positive impact of the Recovery Fund on the investment side and on Greek GDP will appear gradually, peaking in 2026.
The course of the Greek economy after the end of the Recovery Fund
The implementation of the Recovery and Resilience Plan will be completed in 2026. This means that all grants and loans should be disbursed by the end of 2026. However, the implementation of investments will typically have secondary effects, affecting economic growth after 2026, the Commission estimated.
Although all Recovery Fund loans will have been disbursed by the end of 2026, the loan component will continue to finance the economy, as intermediary implementing bodies, especially commercial banks, will continue to disburse loan installments to final beneficiaries after 2026.
In addition, the reforms included in the National Recovery Plan address a wide range of structural challenges, including improving the efficiency of public administration, the justice system, upgrading the skills of the workforce, enhancing energy efficiency, etc. The impact of these reforms is gradually manifesting itself, strengthening growth prospects in the long term.
The increase in public investment, accompanied by approximately 8 billion euros expected from the Social Climate Fund, the Modernization Fund and the Islands Decarbonization Fund— is seen contributing to a smooth transition to the post-Recovery Fund era.
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