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-2021-25/1993 – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 16 June 2021 – 29 September 2021|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Penny Georgiadou (INEGSEE)|
|Measure added||04 August 2021 (updated 09 August 2021)|
The Ministry of Development & Investment on 1 June 2021 announced a new programme to provide working capital to tourism and hospitality sector’s companies.
This new action is part of the broader support of the operation of the companies in the tourism sector, after restarting their operation and in view of the official start of the tourist season for 2021 under the pandemic of the disease COVID-19.
The action refers to the provision of sufficient cash liquidity for the restart of their economic activity, through the grant of a part of the necessary working capital.
The new action is a non-repayable grant as necessary working capital, is financed through the NSRF 2021 - 2027 and the projected budget of the action is €350 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 16 June 2021 to 29 September 2021.
According to the requirements of the programme for the provision of working capital to tourist companies:
There is no information.
|Does not apply to workers||
Sector specific set of companies
|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 involvement of social partners.
There is no reaction.
|Economic area||Sector (NACE level 2)|
|I - Accommodation And Food Service Activities||I55 Accommodation|
This case is not occupation-specific.
Eurofound (2021), Working capital subsidy for companies affected by the pandemic in the tourism and hospitality sector – Restart Tourism, measure GR-2021-25/1993 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2021-25_1993.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.