The meeting of the Government Economic Policy Council was held today, chaired by the Vice President of the Government, Kostis Hatzidakis. At the meeting, the new Multiannual fiscal framework of the EU 2028-2034 and the country’s design for road, rail, energy and telecommunications networks. More specifically:

1. Discussion on the new perennial fiscal framework of the EU 2028-2034 and the National Strategy for Regional and Local Development

The discussion analyzed the scene in Brussels, based on a recent European Commission announcement on the issue. Separate priorities were discussed that would be more important in the EU planning for the next programming period, such as competitiveness and defense. The particular importance of the critical areas of cohesion and the common agricultural policy have been emphasized for Greece and will have a first mapping of the country’s arguments and alliances in this critical negotiation. It was agreed that there is a continuous inter -ministerial coordination for this critical, issue of financing the economy. It is noted that the culmination of the negotiation for the new perennial budget of the European Union will take place during the Greek Presidency, in the second half of 2027. The debate was also reviewed by the funding needs of the Region’s projects and it was agreed to have a special meeting on this issue. Referrals were made by Deputy Minister of National Economy and Finance Nikos Papathanassis, the Deputy Minister under Prime Minister Thanassis Kontogeorgis and the Head of Prime Minister Michalis Argyrou’s financial office.

2. Design for the country’s large networks (road, rail, energy and telecommunications)

Following the presentation of the Minister of Infrastructure and Transport Christos Dimas, the Minister of Environment and Energy Stavros Papastavrou, the Deputy Minister of Transport Konstantinos Kyranakis and the Secretary General of Telecommunications and Post of the Ministry of Digital Governance modernize the country’s infrastructure and will enhance its growth prospects.

More specifically, based on the items presented:

  • The Patras-Pyrgos motorway will be completed by the end of 2025.
  • The E65 until May 2026.
  • The Flyover of Thessaloniki in May 2027.
  • The north road axis of Crete will begin for the Chania-Heraklion side in 2025.
  • The Athens-Thessaloniki railway axis, following the rebuilding of the disasters caused by Daniel in Thessaly, will be completed in the summer of 2026.
  • The great electric connection Athens-Crete in the summer of 2025.
  • The electrical interconnection of the Cyclades in 2026.

At the same time, electrical interconnections are designed and proceeded with the Dodecanese and the North Aegean, as well as with our neighboring countries, as they have been announced (such as Crete-Cyprus-Israel, Italy, Egypt). All international agreements in the country that will make Greece an international energy hub are also in force and are also in force. Finally, the planning for telecommunications networks was presented, with an emphasis on expanding the fiber optic network (FTTH), and it was found that Greece that had previously been left behind in this area is firmly in the first place in the rate of optic fiber and related infrastructure.

The meeting was attended by Deputy Prime Minister Kostis Hatzidakis, Minister of National Economy and Finance Kyriakos Pierrakakis, Minister of Infrastructure and Transport Christos Dimas, Minister of Environment and Energy Stavros Papastavrou, Minister of Development Minister of Maritime and Island Policy Vassilis Kikilias, Minister of Tourism Olga Kefalogiannis, State Minister Akis Skertsos, Deputy Minister of National Economy and Finance Nikos Papathanassis, Deputy Minister of Transport Konstantinos Petralias, Deputy Foreign Minister Tassos Hatzivasiliou, Secretary General of Telecommunications and Post of the Ministry of Digital Government Konstantinos Karantzalos, Secretary General of Prime Minister Stelios Koutnatzis, Secretary General

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