National recovery plan under discussion in the cabinet

On the agenda cabinet on Monday, 29/03, will find the National Recovery Plan, which is expected to be submitted to European Commission in the coming period. At the same time, the bill on open-air trade will be discussed, as well as the inclusion of compulsory expropriation of real estate for projects of general importance for the country's economy.

In particular, at 12:00, the meeting will be chaired by the Prime Minister Kyriakos Mitsotakis, through videoconference, the cabinet.

It should be recalled that after its approval by the Cabinet, the National Recovery Plan will soon be made public and will be discussed in the Parliament, with a view to submitting it to the European Commission as soon as possible within the month.

According to government officials, Greece will be among the first countries to submit the National Recovery Plan to be approved and receive the 13% advance in the summer. As once the Plan is submitted, the European Commission will need 2 months to assess it and another month for it to be approved by the Council.

The National Recovery Plan, expected to be submitted to the European Commission in mid-April, will claim €18 billion in Recovery Fund grants and another €13 billion in loans from the Fund, earmarked for private investment.

According to the government's design, three points are important in the Plan: All projects and investment-reforms must be completed by the end of 2026; it must also draw heavily on private resources for strategic investments; and it must combine investments and reforms.

The topics of the cabinet meeting are as follows:

- Presentation by the Deputy Minister of Finance Theodore Skylakakis and approval of the National Recovery Plan for submission to the European institutions

- Presentation by the Minister of Development and Investment Adonis Georgiadis of the draft law on open-air trade

- Presentation by the Deputy Foreign Minister Miltiades Varvitsiotis on the Conference on the Future of Europe and 40 years of Greece in the European Union

- Introduction by the Minister of Finance Christos Staikouras on the establishment, constitution and operation of a Government Committee on State aid

- Presentation by the Minister of Finance Christos Staikouras and the Minister of Maritime Affairs and Insular Policy Yannis Plakiotakis on the establishment, formation and operation of a Governmental Committee for the monitoring of port development

- Introduction by the Minister of Culture and Sport Lina Mendoni on the establishment, formation and operation of a Government Committee for the coordination of the promotion and development of the former Royal Estate of Tatoios

- Presentation by the Minister of Infrastructure and Transport Kostas Ach. Karamanlis on the setting up, establishment and operation of a Government Committee on Road Safety

- Presentation by the Minister of Infrastructure and Transport Costas Ach. Karamanlis on the inclusion of compulsory expropriation of real estate for projects of general importance for the country's economy in the procedure of Article 7A of the Code of Compulsory Expropriation of Real Estate

- Presentation by the Minister of Infrastructure and Transport Costas Ach. Karamanlis on the selection and appointment of a regular and substitute member of the Railways Regulatory Authority.