FAQs about the Recovery and Resilience Facility (RRF)

Yes. All legal entities in Greece or abroad can apply (according to the international / European and national rules of compliance and legality).

Yes, you can apply if you: 

• Are a freelance professional.
• Own a sole proprietorship.

Yes, you can. As long as the investment you want to make with the RRF funds is implemented in Greece.

The RRF resources can be used to finance new investments related to:

• Green transition
• Digital transformation
• Innovation, research and development
• Partnerships, mergers and acquisitions
• Promoting outreach and exports

Have a look at the eligible investment categories for the RRF and the criteria that must be met per category. 

Yes, you can. 

Find out how your investment can be financed.

Yes, you can secure standalone financing with an RRF loan for up to 30% of the eligible budget of your investment. 

As long as the green transition, digital transformation, outreach, and innovation and R&D expenditures add up to 30% of your total eligible budget. 

Yes. You can cover up to 30% of your total investment plan with RFF and co-financing loans for: 

Working capital (e.g. operating expenses and transaction cycle expenditures, VAT, etc.) 

Promotional and communication expenditures. 

Have a look all the eligible expenditures for financing under the RRF.

Yes, you can.

Yes, it is.

Yes, your investments in the tourism industry are eligible for financing under the RRF.

These include investments in tourist accommodations (simple and compound) and complexes that include at least 5 individual tourist dwellings. 

40% of the eligible budget is financed independently through an RRF loan.

Yes. As long as:

The acquisition happened after 30.09.2021.

The average total turnover (over the previous 3 years) of the enterprises involved in the acquisition is at least 50% higher than the turnover of the enterprise with the highest turnover (at group level).

The financing does not include the hotel acquisition consideration. 

No, share acquisition is not eligible for financing under the RRF.

Yes, you can. As long as it is no more than 30% of the total investment budget (the limit does not apply to buying a building). 

Have a look all the eligible expenditures for financing under the RRF. 

Yes, you can.

Have a look all the eligible expenditures for financing under the RRF. 

Yes, you can. As long as you use the equipment in an investment implemented within Greece. 

Have a look all the eligible expenditures for financing under the RRF.

Yes, you can cover your investment expenditure for buying or using intangible assets. These may include: 

• Trademarks and customer lists
• Licensing and franchise agreements
• Service provision and employment agreements
• Lease agreements
• User rights
• Software, etc.

Have a look all the eligible expenditures for financing under the RRF.

 

No, there is no quota.

If you use part or all of your financing to meet ineligible expenditures, your investment ceases to be eligible (partially or wholly).

In this case, Eurobank must take timely action to recover the part of the financing that you used on ineligible expenditures, in line with our credit policy and the institutional framework specified by the Greek State and the European Commission for the RRF.

Your investment is financed:

From 30% to 50% by a Recovery and Resilience Facility (RRF) loan

At least 30% by a Eurobank loan (co-financing loan)

At least 20% by your own funds

Find out more about how your investment is financed. 

The term of the RRF loan is between 3 and 15 years, depending on the type of investment. 

The term is the same or shorter than the term of the co-financing loan.

Find out more about the features of the RRF and Eurobank loans. 

No, there isn’t. However, the RRF loan can cover up to 50% of the eligible budget of your investment plan.

The percentage of the financing you can get through an RRF loan depends on the type of investment you want to implement.

Find out more about how your investment is financed. 

You can get an RRF loan in any contractual or other legal form permitted by law. 

If your business is an SA, you can get a bond loan (in accordance with Articles 59-73 of Law 4548/2018 in combination with Article 14 of Law 3156/2003).

With a bond loan you are exempt from paying: 

• The Law 128/75 (0.60%) levy
• Proportional duties for collateral registration

Find out more about the features of the RRF and Eurobank loans.

You can cover at least 30% of the eligible budget of your investment plan with a Eurobank (co-financing) loan, according to the market terms and our credit policy. 

For the co-financing loan, Eurobank may partner with other banks that participate in the RRF. The co-financing loan is granted along with the RRF loan. 

At least 20% of the eligible budget of your investment plan must be covered with own funds. 

The exact percentage of your private participation is determined when your investment dossier is submitted for the first financing approval, in accordance with our credit policy.

You cannot get a loan or credit from Eurobank to cover part of your own funds in the investment financing (in accordance with Article 32 of Law 4308/2014) if the loan or credit:

• Starts 1 month before the submission of your application for financing under the RRF. 

• Ends 2 months after the RRF loan disbursement.

The interest rate of the RRF loan is specified by ministerial decision. It remains fixed throughout the loan term.

Currently, the minimum interest rate is 0.35%.

If you are receiving other state aid for the investment you are financing through an RRF loan, the minimum interest rate may be readjusted.

Find out more about the features of the RRF and Eurobank loans.

The minimum interest rate of the RRF loan may only change by ministerial decision.

The reference rate is an interest rate determined by: 

• Your credit rating.
• The existence and type of collaterals you are offering, as assessed by us. 

It is the sum of the lending margin determined according to:

1. The base interest rate for Greece, which is updated monthly. Currently it stands at -0.19%. 
2. The data in the table: 

 

Lending margins in base units
Business credit rating		Collaterals
		High	Normal	Low
High	AAA-A	60	75	100
Medium-grade	BBB	75	100	220
Speculative	BB	100	220	400
Highly speculative	B	220	400	650
Substantial risks / Default imminent	CCC and lower	400	650	1000

 

If you want your financing under RRF to not be considered as state aid, the reference rate can be the RRF loan interest rate. 

The reference rate is compared to the RRF loan interest rate you request, so we can calculate the state aid amount.

If the state aid amount (including any state aids from other programmes) exceeds the maximum state aid you can get for your investment, the RRF loan interest rate may be increased.

In any event, you cannot get a loan with an interest rate that is lower than the lowest interest rate determined by the relevant ministerial decision.

Yes, you can. As long as the total aid limits are not exceeded, based on the selected article of the General Block Exemption Regulation (GBER).

Yes, you can combine the RRF resources with other state aids to finance your investment plan.

However, you must not exceed the maximum state aid you can get for your investment through your participation in different programmes.

The steps for financing your investment are:

1. Submission of your investment dossier
2. First financing approval
3. Investment eligibility check by an independent assessor
4. Confirmation of financing approval
5. Disbursement and investment implementation

Read all the details about the financing process.

In our call for the Recovery and Resilience Facility (RRF), you can find out more about:

• The step-by-step process for financing your investment.
• The supporting documents required for your application.

Have a look at our call for the programme and the supporting documents required for your application.

Yes, as of 07.02.2022.

Have a look at our call for the programme and the supporting documents required for your application.

No, there are not.

Following the submission of your investment dossier, we:

1. Check the eligibility of your investment for financing under the RRF, i.e. that it falls under the eligible investment categories and does not include manifestly ineligible expenditures.
2. Evaluate the sustainability and positive Net Present Value (NPV) of your investment, along with your credit rating and prospects as an investor.

Provided the outcome of the evaluation is a positive one, we inform you about the loan terms and financing scheme we approve as a starting point for your investment.

Following the first approval of your financing, we choose an independent assessor and provide the details of your investment.

The independent assessor:

• Checks investment compliance with the DNSH (Do No Significant Harm) principle.
• Determines the eligible budget of the investment.
• Calculates the percentage of expenditures for green transition, digital transformation, etc. that corresponds to the eligible investment budget.
• Checks the state aid ceiling for the investment.

The assessor prepares their own report and informs you and us about the findings. If they are not aligned with the first financing approval, we re-evaluate the details of your investment.

Provided the independent assessor’s reports is a positive one, the method of financing the eligible budget of your investment is confirmed.