EU amends Greece recovery plan with new measures

The European Commission has proposed a Council Implementing Decision to amend Greece’s recovery and resilience plan, updating measures, milestones, targets, and funding allocations.

• The proposal covers 111 amended measures, including removals, partial revisions, merges, and increases in implementation levels across Greece’s plan.
• It adds two new measures — a contribution to IPTO’s share capital increase for electricity interconnections and an AI Gigafactory contribution to the EuroHPC Joint Undertaking — while keeping the EU financial contribution unchanged.
• The amended plan’s estimated total cost is EUR 36,113,375,270; the EU financial contribution remains EUR 18,220,378,076 and loan support remains EUR 17,727,538,920.
• Climate-related measures account for 39.8% of the total allocation, and digital measures account for 25.2%; the Commission also notes no measure causes significant harm to environmental objectives.