Friday, July 19, 2024

      Subscribe Now!

 

spot_img
spot_img
GreeceBusinessGreece among 13 EU members requesting Recovery Fund loans, part of support...

Greece among 13 EU members requesting Recovery Fund loans, part of support packages

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

Latest articles

Greece is among 13 EU member states that have requested loans through the European Recovery Fund’s Recovery and Resilience Mechanism (RRF) on Friday, the European Commission announced on Friday.

August 31 was the deadline for submission of loan requests from the NextGeneration EU Fund’s resources. The Fund, set up after the coronavirus pandemic, contains 750 billion euros of which 385.8 billion are earmarked for support in the form of loans. The European Commission forwarded the loan disbursement requests to the European Parliament and Council for the final review, in a three-page document titled “Final Overview of Member States’ Loan Requests Under the RRF”.
Six EU countries requested loans for the first time: Belgium, Croatia, Czech Republic, Hungary, Lithuania, and Spain.

According to RRF regulations, “where the loan request of a member state exceeds the threshold of 6.8% of that member state’s 2019 GNI (Gross National Income) in current prices, the Commission will also take into account the justification provided by the member state as to the occurrence of exceptional circumstances. The countries falling under these categories include Greece as well as Croatia, Italy, Poland and Romania.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

Get Access Now!

spot_img
spot_img

Από 39 Ευρώ

spot_img