G. Tsakiris in Proto: In the last 2 years we have given 12 of the 20 billion of the NSRF 2014-2020 (audio)
“As a member state, Greece was the first to approve the NSRF in July, we have already completed the operational programs and the sectoral and regional ones, which we have submitted to the European Commission and their approval is expected. “There is a delay at European level, I believe it will end within the first quarter of 2022,” he said. First Program 91.6 and 105.8 and the show “Net Accounts” with George Papageorgiou and Dimitris Kontogiannis, Deputy Minister of Development and Investment Giannis Tsakiris.
“Nevertheless, we are preparing on our part to start the new actions of the NSRF because the eligibility has already started, that is, we can pay something from national resources and request it after the NSRF”, added Mr. Tsakiris. The aim is to start the actions towards the SMEs as soon as possible so that there is no financial gap between the two NSRF programs.
During the last 1.5 years, payment requests were made for 560,000 NSRF actions, with the payment time being greatly reduced. There were actions that the invitation had not closed and the companies were already being paid, Mr. Tsakiris noted, while adding that the payments are made almost monthly.
“The absorption of the NSRF concerns the expenses, what really goes into the economy, that is where the effectiveness of the NSRF is measured. All the actions we have done, which were not many but were targeted and large in volume went to the real economy and not for the sake of absorption. The actions of covid, the financial tools went to companies, part of the repayable advance went to companies, important infrastructure projects are paid by the NSRF. In the past, before our government, the money went to actions which I doubt had a positive effect on the economy. The NSRF is purely investment. We expect from every NSRF euro that we spend there to be a significant leverage of private funds “.
Mr. Tsakiris pointed out that a company making digital and green investments, all this transformation to which the world economy is going, as a result will have the increase of competitiveness. “This is what we want, the Greek small and medium enterprise to become more competitive, which means that it will sell cheaper and faster, increasing jobs. This is the goal of the NSRF competitiveness operational program. “Changing a hotel sofa through NSRF does not make it more competitive, but if it puts in a heat pump and removes the oil burner, it becomes more competitive because it will obviously have lower energy costs.”
Mr. Tsakiris also noted that an announcement will be issued soon, which will be addressed to managers of investment companies, the venture capital funds. “If they raise a certain percentage of private funds, they will be able to apply and receive public money from the Recovery Fund in order to in turn invest in such companies that they believe can become profitable. “So far, such operations that have started from scratch have gone very well in a few years.”
In order for someone to come and start a business in Greece, there are three factors that will influence his decision, Mr. Tsakiris pointed out. “One is the financing and we have advanced this, the good ideas find financing, the second is the infrastructure, which we have solved to a significant degree and the third is the institutional framework that from the side of the Ministry. Development and the Ministry. Finance, the whole process of establishing and operating a business in Greece has been significantly simplified. We have so far passed three simplification bills. So the environment has improved a lot for someone, whether Greek or foreigner wants to start a business in Greece and we see many such examples. As we see a new phenomenon, the digital nomads, who make their own software and decide to work it from Greece because they like the environment and have the infrastructure to sell their digital work from here where they want.
Finally, referring to the Public Investment Program financed by Community funds, this is being overstated, Mr. Tsakiris underlined. “We are above our forecasts, it has reached 7.5 billion. By 2019 we had under-execution. Something related to the co-financed, is that in the last two years we have made payment requests, ie we have received as a country from the NSRF more than 12 billion euros. The entire NSRF program from 2014 to 2020 was 20 billion euros. We have given the market 12 billion in 2 years, the simplifications that have been made are important, as well as the speed with which the projects are approved “.