ECONOMY

Boost to construction from €3 bln subsidies program

Boost to construction from €3 bln subsidies program

Procedures for the major subsidies program for building upgrades, "Exikonomo-Aftonomo," are entering their final stage.

The funding program will be financed with 3 billion euros from the Next Generation EU fund and the Multiannual Financial Framework 2021-2027, known in Greece as ESPA. It will start with €850 million in its first stage next month and run up to the end of 2022.

Compared to a previous similar program, "Exikonomisi Kat’ Oikon," this one will have expanded income criteria, higher subsidy rates and additional incentives, such as the Covid-19 premium – i.e. 10% more funding for the years 2020 and 2021.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.