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COVID-19 EU PolicyWatch

Database of national-level responses

Eurofound's COVID-19 EU PolicyWatch collates information on the responses of government and social partners to the crisis, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for case GR-2021-28/2010 – measures in Greece

Financial support for aquaculture companies

Ikonomiki enishisi epihiriseon idatokalliergia

Country Greece , applies nationwide
Time period Temporary, 09 July 2021 – 15 September 2021
Type Other initiatives or policies
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial)
Author Penny Georgiadou (INE GSEE)
Case created 16 September 2021 (updated 28 September 2021)

Background information

The Ministry of Development & Investments launched on 9 July 2021 within the framework of "Measures for public health as a consequence of the epidemic of COVID-19" a special financial support scheme for of aquaculture companies.

The measure aims to provide compensation for the temporary suspension or reduction of the production and sales of aquaculture companies between 1 February and 31 December 2020 as a result of the COVID‐19 epidemic.

The budget of the programme is €25 million. The application period is from 16 July 2021 until 15 September 2021. The Action is funded by the NSRF, Fisheries and Maritime Operational Program (EPALTH).

Content of measure

According to the requirements of the programme:

  • Beneficiaries of the financial support are operating companies (personal companies or legal entities) active in the aquaculture sector.
  • The measure concerns the provision of compensation for the temporary suspension or reduction of the production and sales suffered by the companies between 1 February and 31 December 2020, as a consequence of the pandemic crisis.
  • The amount of compensation covers the total amount of the identified company losses.
  • The method of calculating the compensation is based on the costs and turnover of companies in the year 2020 as compared to the corresponding figures in the year 2019.
  • The maximum amount of aid granted per operation is determined on the basis of the nominal capacity of the beneficiary aquaculture production units, as well as on the basis of the size category in which it belongs.
  • Beneficiaries of the aid must retain their jobs.
  • Applications are submitted electronically to the State Aid Information System .

Use of measure

There in no information available yet.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies
EU (Council, EC, EP)
European Funds
National funds

Social partners

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:

  • No involvement
  • Main level of involvement: N/A

Involvement

There is no any involvement of social partners.

Views and reactions

There are no social partner's reactions to the measure.

Sectors and occupations

    • Economic area Sector (NACE level 2)
      A - Agriculture, Forestry And Fishing A3 Fishing and aquaculture

This case is not occupation-specific.

Sources

  • 25 June 2021: Aide de 25 millions d’euros euro aux aquaculteurs touchés par la pandémie (Enisxisi stous idatokaliergites pou epligisan apo tin pandimia (www.naftemporiki.gr)
  • 09 July 2021: Measures for public health as a consequence of the epidemic of Covid-19 (Metra gia ti dimosia igia os sinepeia tis epidimikis ekrixis tis COVID-1 (www.espa.gr)

Citation

Eurofound (2021), Financial support for aquaculture companies, case GR-2021-28/2010 (measures in Greece), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch

Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.