A series of measures to support businesses and households in the midst of the pandemic, but interventions to tackle the rally in energy prices, were announced in Parliament, on Saturday, during the parliamentary budget debate.
The announcements were made by both the Greek Prime Minister, Mr. Kyriakos Mitsotakis, and the Greek Minister of Finance, Mr. Christos Staikouras, who referred in particular to the issue of the repayable advances that concerns thousands of companies.
It is recalled that the announcements for the relief from the high prices of gas and electricity, had been announced by the Greek Prime Minister two days ago.
Speaking to the Parliament, the Greek Prime Minister announced three new additional measures to limit the effects of the energy crisis on households and farmers:
1. There will be an additional increase in state aid concerning the electricity bills for the month of December, the Social Residential Tariff beneficiaries and the vulnerable households.
2. There will be a 40% discount on the gas bills for the month of December
3. Most of the adjustment clause in agricultural tariffs will be covered from August to December
According to the Greek Prime Minister: “It is difficult to explain to a consumer that this increase would be greater, if there was no state aid. There are increases that would be impossible for households to manage, if there was no state subsidy”, noted Mr. Kyriakos Mitsotakis, addressing the consumers.
When referring to the the energy crisis and the price increases, he reiterated that “We will support consumers, our vulnerable fellow citizens. And we will ensure that the burden will be the minimum possible.”
Latest News
ELSTAT: Greek Health Expenditures Reach €5.89 Billion in 2022
Finally, healthcare financing as a percentage of GDP decreased to 8.5% in 2022 from 9.18% in 2021, as per the Health Accounts System report.
Sonoco Paper Mill Plants Close After 30 Years in Greece
The shut down of the two paper mills in northern Greece comes a week after a glass plant closed in Athens
BoG: Private Deposits Down by 1.068bln Euros in Feb. 2024
Corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month
Greeks’ Buying Power Second Lowest in the EU
Greeks’ purchasing power is under pressure, ranking 26th among 27 EU member states.
Greek FinMin Says Digital Work Card Tackling Undeclared Work
Greece's recently launched digital work card aimed at tackling undeclared labor has already started to produce results, said Economy and Finance Minister Kostis Hatzidakis
MSC Cruises: More than 400 Visits to Nine Greek Destinations
MSC Cruises, a subsidiary of international shipping line Mediterranean Shipping Company S.A, will be sailing to Greek ports as of this month, expanding operations in the region year-round
Eurostat: Greece Among Cheaper Hourly Labor Cost Zones
In contrast, the countries that posted the highest hourly labor costs are Luxembourg (53.9 euros), Norway (51.9 euros), Iceland
GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023
The drop follows a significant uptick in the ESI in the second half of 2022 (69.5 units) and a slight decline in the first half of 2023 (66.7 units)
Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
Greece surpasses this with 45%, showcasing progress but also room for improvement. Sectors like Consumer Goods and Services lead with 69% reporting full equality globally
Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average
BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively