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-2021-45/2410 – Updated – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 01 November 2021 – 30 September 2022|
|Context||COVID-19, War in Ukraine|
|Type||Legislations or other statutory regulations|
Responses to inflation
– Support for energy bills
|Author||Penny Georgiadou (INE GSEE)|
|Measure added||24 May 2022 (updated 26 September 2022)|
One of the most important consequences of the international crisis caused by the pandemic and the war in Ukraine has been the increase in the price of energy, which has disproportionately burdened the production costs of businesses. In this context, the Greek government has taken electricity subsidy measures to support businesses. A series of Joint Ministerial Decisions (KYA) of the Ministers of Finance and Energy provided for subsidizing the electricity cost for the period from September 2021 to April 2022, which are:
The measures taken by government to subsidize businesses to reduce the cost of electricity include:
According to the government's estimates, the total amount of the businesses’ electricity subsidy measure for February 2022 is estimated at €133 million.
According to governments estimates, for April 2022 the measure concerns 1,160,000 businesses’ supplies such as restaurants, shops, kiosks , hairdressers, offices, bakeries and its cost is estimated at €35 million.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
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 was no involvement of social partners.
The Hellenic Confederation of Professional Craftsmen and Merchants (GSEVEE) in a Press Release on May 6, 2022 concerning the policy of interventions on energy prices, argues that the government's measures to address the increases in the energy supply relieve small and medium-sized enterprises and households but is falling short of the real needs.
Eurofound (2022), Electricity subsidy for companies, measure GR-2021-45/2410 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2021-45_2410.html
30 January 2023
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This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.