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-2023-10/3260 – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Open ended, started on 06 March 2023|
|Context||Green Transition, European Semester|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Penny Georgiadou (INE GSEE)|
|Measure added||05 July 2023 (updated 11 July 2023)|
Οn 6 March 2023, with the No. 1259 Decision of the Deputy Minister of Development , the "Green Productive Investment SME" action was launched.
The Action finances investment projects that utilise and develop modern technologies that upgrade the production of goods and/or services provided by businesses. The initiative intends to reward firms that utilise modern technologies and infrastructures to promote better practices in energy upgrading and circular economy systems.
The action is part of the "Competitiveness" operational program of the NSRF 2021 - 2027. The Public Expenditure is co-financed by the European Regional Development Fund (ERDF) of the European Union and by National Participation.
The "Green SME Productive Investment" Action provides financial support of existing SMEs independently of the sector.
Categories that are eligible for the subsidy are:
The percentage of aid for investment projects ranges from 40% to 50% of the total budget.
The total budget of this measure amounts to €400 million.
The online submission of funding applications starts on 22 March 2023 and will remain open until the available budget is exhausted.
As of 9 June 2023, 4,434 funding applications have been submitted for the “Green SME Productive Investment” with a total budget of €676,892,155. The Public Expenditure amounts to €316,306,327.
Businesses located in less developed regions of Greece (North Aegean, Eastern Macedonia-Thrace, Central Macedonia, Epirus, Thessaly, Western Greece, Crete, Western Macedonia, Ionian Islands, Central Greece, Peloponnese) submitted 3,056 applications. Those applications are associated with a Public Expenditure of €211,243.401, while the projected Public Expenditure for this category is €312,000,000.
Businesses located in the transition regions of Greece (Attica, South Aegean) submitted 1,378 applications. Those applications are associated with a Public Expenditure of €105,062,946, while the projected Public Expenditure for this Category is €88,000,000. In the specific regions Public Expenditure is no longer available.
|Does not apply to workers||
||Does not apply to citizens|
National Recovery and Resilience Facility
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.
There are no social partner's reactions to the measure.
Eurofound (2023), Green Productive Investment of SME, measure GR-2023-10/3260 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2023-10_3260.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.