Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure GR-2021-20/1908 – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 14 May 2021 – 30 September 2021|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Penny Georgiadou (INE GSEE)|
|Measure added||17 May 2021 (updated 09 August 2021)|
The Ministry of Development & Investment on April 2021 announced a new programme for the provision of working capital to catering companies.
The new action is part of the support of small and medium-sized enterprises in the catering sector after the restart of their operation, under the pandemic of COVID-19 disease and includes the supply of raw materials, necessary for the first 2-3 months of restarting their operation.
The action is a non-repayable grant in the form of working capital, is financed through the NSRF 2021 - 2027 and the projected budget of the action is €330 million.
The Financing Application is submitted electronically on the platform of the State Aid Information System (PSKE) www.ependyseis.gr/mis.
The deadline for applications is from 14 May 2021 to 30 September 2021.
According to the requirements of the programme for the provision of working capital to catering companies:
According to the Ministry of Development & Investment on third of August 2021, more than 29,000 enterprises in the catering sector applied to the programme until the end of July, with the application budget exceeding €270 million.
9,884 companies have already joined (€98,830,222) and more than €25 million have been disbursed.
|Does not apply to workers||
Sector specific set of companies
One person or microenterprises
|Does not apply to citizens|
Company / Companies
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
There is no any involvement of social partners.
According to press reports on 6 June 2021, the President of GSEVEE, George Kavvathas stated that one in four companies did not open until that date, due to lack of outdoor space for putting table seats, while this figure includes businesses that operate seasonally in tourist destinations. The permanent closures throughout the country in the catering sector amount to 1000, while the final toll should be made after the end of the tourist season.
Also, according to the President of GSEVEE, by the beginning of June 2021, about 30,000 companies had applied to join the programme and approx. 10,000 had passed the evaluation stage. The programme is estimated to cover 63% of the approx. 77,000 companies operating in the catering sector. A percentage of 30-34% of the companies who have an increase in turnover between 2019-2020, will not be able to apply. Of the remaining 52,000 or so companies, 34,000-35,000 will be able to receive a subsidy, i.e. the potential beneficiaries are the 63% of the companies, which present a turnover reduction from 0.1% up to 100%.
This case is sector-specific (only private sector)
|Economic area||Sector (NACE level 2)|
|I - Accommodation And Food Service Activities||I56 Food and beverage service activities|
This case is not occupation-specific.
Eurofound (2021), Grant of working capital to catering companies for the supply of raw materials - Restart of catering, measure GR-2021-20/1908 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2021-20_1908.html
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