Follow Greece Investment Immigration and Greece's Economic updates: On December 9, the Greek Minister of Development introduced the EU's subsidy funding situation for Greece. From 2014 to 2020, EU subsidies to Greece can reach 23.1 billion euros, including 4.2 billion euros from the European Agricultural Fund. More than half will be directly allocated to localities, while the remaining funds will be used by various ministries to encourage entrepreneurship, infrastructure development, human resource development, and public institution reform.
Depending on the different subsidy projects, the subsidy ratio varies, with an average subsidy ratio of 85%, meaning Greece itself must bear the remaining 15% of the funding needs. Whether Greece can timely provide matching funds often affects the efficiency of EU subsidy utilization.