kathimerini.gr
Greece to Submit €3.9 Billion EU Recovery Fund Request
Greece will submit a €3.9 billion request for EU recovery funds, followed by another in November; the "Greece 2.0" plan revision adds projects, not cuts; GEC Terna's energy portfolio is valued at €600 million; the Elpedison sale is complete; and infrastructure delays at Ellinikon are reported.
- What is the immediate impact of Greece's upcoming submission of its sixth request for EU recovery funds?
- Greece is set to submit its sixth request for €3.9 billion in Recovery and Resilience Facility funds in the coming days, with a seventh request expected in November. The national plan, "Greece 2.0," will be revised, adding new projects and boosting existing ones without reducing funding.
- How does the GEC Terna-Motor Oil deal and the completion of the Elpedison sale reflect broader trends in the Greek energy sector?
- This funding is part of Greece's plan to utilize EU recovery funds. The upcoming revision of the "Greece 2.0" plan aims to maximize resource allocation. A deal between GEC Terna and Motor Oil highlights the value of GEC Terna's energy portfolio, estimated at €600 million, potentially impacting stock prices.
- What are the long-term implications of delays in infrastructure projects at the Ellinikon site, and how might the EU's involvement affect the Crete-Cyprus electricity interconnection?
- Delays in infrastructure projects at the Ellinikon site highlight challenges faced by contractors, such as AVAX. The upcoming meeting of the Energy Community's ministerial council in Athens will focus on the challenges of the energy market and, specifically, on the geopolitical issue of the Crete-Cyprus electricity interconnection.
Cognitive Concepts
Framing Bias
The framing of the article appears largely neutral, presenting factual information on various economic and energy-related issues. However, the prominence given to the upcoming disbursement of Recovery and Resilience Facility funds could be interpreted as a positive framing of the Greek government's economic performance.
Bias by Omission
The article focuses primarily on economic news and energy-related developments, potentially omitting other significant political or social events in Greece during the same period. The lack of broader context might limit the reader's understanding of the overall situation.
Sustainable Development Goals
The article discusses significant investments in infrastructure projects in Greece, such as the €3.9 billion disbursement from the Recovery and Resilience Facility, and projects within the context of the "Greece 2.0" national plan. These investments directly contribute to improving infrastructure, supporting economic growth, and fostering innovation. The acquisition of a 50% stake in Elpedison by HELLENiQ ENERGY (€200 million) also falls under this category, boosting the energy sector and potentially leading to improvements in energy infrastructure. However, delays in infrastructure projects at Ellinikon Airport highlight challenges in implementation.