2021 ADD1) of 13 July 2021 on the approval of the assessment of the recovery and resilience plan for Greece - Main contents

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dossier	COM(2023)749 - Amendment of Implementing Decision (EU) (ST 10152/21; ST10152/2021 ADD1) of 13 July 2021 on the approval of the assessment ...
document	COM(2023)749
date	November 21, 2023

Article 1

Implementing Decision (EU) of 13 July 2021is amended as follows:

(1) Article 1 is replaced by the following:

“Article 1

Approval of the assessment of the RRP

The assessment of the modified RRP of Greece on the basis of the criteria provided for in Article 19(3) of Regulation (EU) 2021/241 is approved. The reforms and investment projects under the RRP, the arrangements and timetable for the monitoring and implementation of the RRP, including the relevant milestones and targets and the additional milestones and targets related to the payment of the loan, the relevant indicators relating to the fulfilment of the envisaged milestones and targets, and the arrangements for providing full access by the Commission to the underlying relevant data are set out in the Annex to this Decision.”;

(2) In Article 2, paragraphs 1 and 2 are replaced by the following:

“1. The Union shall make available to Greece a financial contribution in the form of non-repayable support amounting to EUR 18 220 378 076¹⁰. That contribution includes:

(a) an amount of EUR 13 515 279 418 that shall be available to be legally committed by 31 December 2022

(b) an amount of EUR 3 911 428 735 that shall be available to be legally committed from 1 January 2023 until 31 December 2023;

(c) an amount of EUR 768 069 923¹¹, in accordance with Article 21a(6) of Regulation (EU) 2021/241, exclusively for measures referred to in Article 21c of that Regulation, with the exception of measures referred to in Article 21c (3), point (a);

(d) an amount of EUR 25 600 000, transferred from the Brexit Adjustment Reserve to the Facility.

2. The Union financial contribution shall be made available by the Commission to Greece in instalments in accordance with the Annex to this Decision. An amount of EUR 2 310 092 538 shall be made available as pre-financing in accordance with Article 13 of Regulation (EU) 2021/241.

An amount of EUR 158 733 985 shall be made available as pre-financing in accordance with Article 21d of Regulation (EU) 2021/241. That pre-financing may be disbursed by the Commission in up to two payments.

The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of the tranches shall be subject to the availability of funding.”;

In Article 3, paragraphs 1 and 2 are replaced by the following:

“Article 3
Loan support

1. The Union shall make available to Greece a loan amounting to a maximum of EUR 17 727 538 920, of which up to EUR 5 000 000 of additional loan following the request for loan support of 31 August 2023.

2. The loan support referred to in paragraph 1 shall be made available by the Commission to Greece in instalments in accordance with the Annex to this Decision. An amount of EUR 1 654 580 060 shall be made available as pre-financing in accordance with Article 13 of Regulation (EU) 2021/241. The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of the tranches shall be subject to the availability of funding.”

(3) The Annex is replaced by the text in the Annex to this Decision:

Article 2
Addressee

This Decision is addressed to Greece.