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-2023-10/3261 – 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||06 July 2023 (updated 11 July 2023)|
One of the main objectives of the Greek national development policy is to support businesses' adaptation to the the changing international economy. The government promotes efforts to increase sustainability and efficiency in business practices for environmental and economic purposes.
On 6 March 2023 the government launched the "Green Transformation of SMEs" Action.
This initiative, like the similar "Green Productive Investment of SME" Action , encourages investment plans in modern technologies. The initiative aims to upgrade the produced goods and/or services provided by businesses. The government is using this iniative to encourage the use of modern technologies and best practices in the fields of energy upgrading and circular economy.
The "Green Transformation of SMEs" action, was launched on 6 March 2023 with the Government Decision No 1260. It was later amended by the subsequent Decision No 1558 of 22 March 2023.
The beneficiaries of this measure are small and medium-sized enterprises. Beneficiaries must also:
Eligible Expenses for financing include:
The funding application opened online on 22 March 2023 and will be open until the budget is exhausted.
The project grant can be from €200,001 up to €1,000,000. The foreseen subsidy rate is up to 40% of the budget.
The total budget for this initiative is €300,000,000
Funding application can only be submitted for one of the actions, either "Green Transformation of SMEs" or "Green Productive Investment of SMEs".
As of 12 June 2023, 1,277 funding applications with a total budget of €713,982,632 corresponding to a public expenditure of €326,690,032 have been submitted to the "Green Transformation of SMEs" action.
|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 Transformation of SMEs, measure GR-2023-10/3261 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2023-10_3261.html
30 January 2023
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Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.Article
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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.Article
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.