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Business for tomorrow: Greece on the radar

EU funds have been the main source for investments in Greece during the economic and financial crisis. More than 87% of the Greek National Investment Programme is funded from the European structural and investment funds, while more than 4,7 billion euro will be channelled to Greek enterprises for the period 2014-2020 supporting both the upgrade of existing and the establishment of new ones.

The contribution of EU funds in the growth of the Greek economy will be crucial in the 2021-2027 period, financing public investments, supporting entrepreneurship and enhancing the competitiveness of private companies. This creates great and diverse business opportunities for companies such as supply of products and services to the public sector as well as funding to improve their infrastructure and processes. At the same time, aspiring entrepreneurs will be supported to set-up their own business. 

What's on the plate? The latest news from Greece

The Ministry of Growth and Investments has already started programming the use of European funds. The relevant work teams and agencies have been designated and they are designing the operational programmes in close consultation with all interested stakeholders.

There are already strong indications that investments in enhancing competitiveness of enterprises in key-sectors of the Greek economy (with increased focus in innovation and R&D) as well as in renewable energy, sustainable waste management and transport infrastructure (including urban mobility) will receive great support from ESIF funds.

What comes next?

By the end of 2019, Greece will submit its draft proposal for the 2021-2027 Partnership Agreement to the EU for consultations and the formal submission is scheduled for March 2020.

Through 2019-2020 the authorities in charge of preparing the operational programmes will continue working in cooperation with relevant stakeholders. Their submission to the EU for approval is expected on June 2020, yet this timeline is possible to be influenced by the adoption of the overall EU budget and its financial regulations.

Why should you engage in the ESIF 2021-2027 preparation process?

To gain early intelligence on the future EU funded business environment in Greece
To plan your future business strategies in the country
To position your organization to shape the new EU funding programmes in the country

How we can help you?

At Schuman Associates, we have developed extensive experience in supporting clients to understand and influence the policy and funding framework driving previous EU cycles (2000-2006, 2007-2013, 2014-2020). Through this guidance, our clients were able to leverage downstream market opportunities in their countries of interest and win EU funded business.

Following the right strategy, you will be best placed to either use EU funding for your investment projects or to sell your solutions in public funded projects.

Moreover, our Greek experts will support you to:
• Guide through national, local and regional public funding complementary to ESIF
• Engage with international financing institutions working in Greece in close cooperation with European Commission
• Access key stakeholders and local partners

For more information, you can contact Danai Tsapikidou at This email address is being protected from spambots. You need JavaScript enabled to view it. or Dimitrios Dagdeverenis at This email address is being protected from spambots. You need JavaScript enabled to view it.

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