Greece Engages European Commission For Strategic Energy Infrastructure Investment

by THEFUTURE.TEAM

April 27, 2026

Greece is in advanced discussions with the European Commission to secure funding support for Admie. The initiative forms part of the country’s broader recovery strategy and focuses on strengthening electricity transmission infrastructure.

Strategic Capital Increase Initiative

According to Newmoney, the talks center on enabling state participation in a planned €1 billion share capital increase for Admie. The proposal includes reallocating additional resources from the Recovery and Resilience Facility beyond previously approved measures, in order to support the state’s contribution.

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Long-Term Development Programme

The funding is linked to a ten-year development programme covering the period from 2025 to 2034. Approved by the national energy regulator, the plan includes investments in electricity transmission, digital systems, and cross-border interconnections. These projects are intended to support modernization of the country’s energy network.

Enhancing European Energy Security

A positive outcome from the European Commission would signal support for Greece’s use of recovery funds and highlight the role of its infrastructure in regional energy systems. Cross-border interconnections remain a central element, aligning with broader EU initiatives aimed at strengthening energy security across member states. These initiatives have been promoted at the European level, including by Ursula von der Leyen.

Modeling EU Recovery Fund Utilization

If approved, the measure is expected to rank among the largest examples of energy infrastructure financing in Greece supported by EU recovery funds. A core objective of the initiative is to accelerate Admie’s investment programme over the next decade, using available balances from the Recovery and Resilience Facility to cover a significant share of the estimated €510 million state contribution.

This funding structure also illustrates how recovery resources can be directed toward long-term infrastructure projects, particularly in areas such as grid development, cross-border connectivity, and energy system stability across Europe.

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Cyprus Government Surplus Rises To €1.61 Billion In First Nine Months Of 2026

by THEFUTURE.TEAM

November 5, 2026

Cyprus recorded a general government surplus of €1.61 billion in the first nine months of 2026, equal to 4.0% of gross domestic product, as revenue growth outpaced the rise in public spending. Higher receipts from income taxes, social contributions and value-added tax (VAT) drove the improvement, while lower capital expenditure helped restrain spending.

Preliminary figures released Tuesday by the Statistical Service of Cyprus show the surplus rose to €1.17 billion, or 3.0% of GDP, up from € 442.1 million in the same period of 2025.

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Total government revenue increased 6.5% to €12.09 billion, while expenditure rose 2.9% to €10.48 billion.

Key Fiscal Measure	January–September 2025	January–September 2026
Total revenue	€11,353.9 million	€12,091.8 million
Total expenditure	€10,186.2 million	€10,482.1 million
Government surplus	€1,167.6 million	€1,609.7 million
Surplus as a share of GDP	3.0%	4.0%

Income Taxes And VAT Lead Revenue Growth

Taxes on income and wealth made the largest contribution to the increase in revenue. Receipts in this category climbed by €442.2 million, or 15.3%, to €3.34 billion, compared with €2.89 billion a year earlier.

Social contributions rose by €235 million, or 6.6%, to €3.78 billion. Taxes on production and imports increased by €251.5 million, or 7.2%, reaching €3.77 billion.

Net VAT receipts, after refunds, totalled €2.64 billion, up €293.1 million, or 12.5%, from €2.35 billion in the first nine months of 2025.

Some Revenue Streams Decline

Not all revenue categories moved higher. Capital transfers fell by €74.6 million to €96.7 million, while current transfers declined by €71.6 million, or 20.5%, to €278.2 million.

Revenue from services slipped 1.0% to €743.5 million. Interest and dividend receipts dropped by €37 million, or 28.6%, to €92.4 million.

Social Benefits And Personnel Costs Increase

On the expenditure side, social benefits rose by €199.6 million, or 4.9%, to €4.27 billion. Compensation of employees—which includes imputed social contributions and public-sector pensions—increased by €108.3 million, or 3.8%, to €2.99 billion.

Intermediate consumption, covering goods and services used in the delivery of public services, rose by €114.3 million, or 11.0%, to €1.16 billion. Interest payments increased by €8.7 million, or 2.6%, to €340.7 million. Current transfers were up €68.7 million, or 10.6%, at €714.7 million.

Lower Capital Spending Limits Expenditure Growth

The overall increase in spending was tempered by a decline in capital expenditure. Capital-account spending fell by €189.9 million, or 16.9%, to €936.2 million from €1.13 billion in the same period last year.

Investment in fixed capital declined by €94.1 million, or 12.1%, to €686.4 million. Other capital transfers fell by €95.8 million, or 27.7%, to €249.8 million. Subsidies also decreased, dropping by €13.9 million, or 15.5%, to €75.8 million.

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