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-2021-9/1996 – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 22 February 2021 – 29 September 2021|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Penny Georgiadou (INE GSEE)|
|Measure added||05 August 2021 (updated 09 August 2021)|
The Ministry of Development & Investment launched in February 2021 the programme "E-retail: Subsidy of existing SMEs in the retail sector, for developing, upgrading and managing online store".
The action subsidies SMEs in the retail sector in order to develop, upgrade and manage online stores (e-shop) for supporting their operation during the pandemic (COVID-19), strengthening the degree of their integration into the digital technology and supporting their digital transformation, as well avoiding overcrowding within stores during the pandemic.
According to the requirements of the “e-retail” programme (both rounds):
The Action Budget is €80 million. The application period is from 22 February 2021 to six April 2021.The great success of the program led the government to announce a second round of the programme on June 25, 2021.
The second round has a budget of €8 million and the application period is from nine July 2021 to 29 September 2021.
The Action is co-financed by the European Regional Development Fund (ERDF) and from national resources.
Until 6 April 2021, 11,503 applications were submitted for participation in programme, covering a budget of €53.6 million out of the total €80 million originally announced. The 11,200 applications concern the development of e-shops by very small companies with a physical store, while the retail activities that gathered the greatest demand were from the sectors of clothing, footwear, women's ready-made clothes, jewelry, etc.
The Ministry of Development & Investment, after the great interest of the first round, planned the announcement of a second round in April 2021, in order to cover the rest of the budget.
The Deputy Minister of Development and Investment, Giannis Tsakiris stated in this occasion: "In the difficult period of the pandemic, we help that the retail to gain access to the e-sales channel, with a simplified action of the NSRF. It is a given that, in the near future, the growing trend of e-shopping will continue and we must accelerate the digital transformation of our businesses, in order to improve their resilience to consumer demands.
|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 are no social partner's reactions to the measure.
|Economic area||Sector (NACE level 2)|
|G - Wholesale And Retail Trade; Repair Of Motor Vehicles And Motorcycles||G47 Retail trade, except of motor vehicles and motorcycles|
This case is not occupation-specific.
Eurofound (2021), SME subsidy for the development of online e-retail, measure GR-2021-9/1996 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2021-9_1996.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.