Plans for building upgrades

The government will seek to focus the utilization of the 32 billion euros of European Commission grants and loans on "a few emblematic actions," say sources of the new setup that this week's cabinet meeting decided will run the project of absorbing Greece's share from the Next Generation EU fund.

The same sources said a good example of the strategy is the existing energy subsidies program Exoikonomisi Kat' Oikon (Saving at Home), which is about to be expanded so as to perform energy upgrades on all of the country's buildings, where possible. Therefore the program is expected to potentially expand to hotels, industrial structures and properties housing state agencies.

This means that a large chunk of the EU resources could be immediately channeled into the market, serving one of the key objectives of the European Commission's fund - i.e. that of the "green development....