European Regional Development Fund has allocated more than 1 bln euros for Greek economy’s digitisation

More than one billion euros was earmarked by the European Regional Development Fund for the digitisation of the Greek economy, the European Commission said on Monday, replying to European Parliament Vice President Dimitris Papadimoulis.

In the Commission’s response, Commissioner for Digital Economy and Society, Mariya Gabriel, said: “Greece has allocated 1 billion 153 million euros from the European Regional Development Fund to digital and related issues. Of this amount, 323 million euros is earmarked for broadband development and infrastructure. Part of the amount is intended to meet commitments of the previous funding period. Another 68 million euros was earmarked for the development of broadband networks in rural areas from the European Agricultural Fund for Rural Development.”

It added that “the European Investment Bank signed a 150 million euro financing agreement with Cosmote Mobile Telecommunications to help strengthen the coverage of the company’s 4G / 4G + mobile broadband network in capacity extensions and technological upgrades. The transaction is supported by the EU budget guarantee under the European Strategic Investment Fund.”