Greek government presents plan of further state aid to tackle rising prices

Α Decrease font Enlarge font
Greek government presents plan of further state aid to tackle rising pricesThe new aid will cost 1.1 billion euros

Greek Finance Minister Christos Staikouras specified on Thursday the four new measures aiming to strengthen households and businesses hit by runaway prices. The new aid will cost 1.1 billion euros, the minister said, according to ekathimerini.com.

The government will raise the existing subsidy for electricity, while the subsidy for natural gas will be continued and companies are also included in the aid plan. The cost for April from this measure is expected to reach 640 million euros.

Furthermore, the government will provide financial support to 1.4 million vulnerable households before Easter, with an additional 1.5 installment of child allowance granted in April; an allowance of 200 euros to 677,000 low-income pensioners; 200 euros to 35,000 uninsured elderly people; 200 euros to disabled citizens; a double installment to the beneficiaries of the guaranteed minimum income. This will cost 324 million euros.

Thirdly, the government will provide a direct fuel subsidy for 3 months to individuals and the self-employed with a family income of up to 30,000 euros. Sixty liters of fuel per month will be subsidized, at 0.22 euros per liter, while for island areas it will be 0.27 euros per liter. The minister said that the average monthly consumption is 54 liters.
Diesel will be directly subsidized with 0.15 euros per liter. In April, a 200-euro allowance will be granted to taxis. The total cost amounts to 130 million euros.

With the fourth measure, the installments for the payment of the so-called repayable advances (repayment of government loans) are increased to 96 from 60. Reductions for the repayment remain, such as the 15 pct discount on the one-off repayment. According to Staikouras, the Greek state has provided loans of 8.3 billion euros through repayable advances and will collect 3 billion euros.

Adding the measures that are already being discussed in the Greek parliament (reduction of ENFIA, subsidy for agricultural fuel, fertilizers, etc.), the cost of the overall aid provided to households and businesses amounts to 1.7 billion euros.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthymiadis

Tornos
  1. 07/11 00:43

    Road tax bills for 2025 posted in Greece with deadline on December 31

  2. 06/11 15:16

    Prime Minister: I am certain that Greek-American relations will stay strong

  3. 06/11 11:13

    Finance Minister addresses Athens Investment Forum

  4. 05/11 00:47

    Minister: Everyone must continue the effort to reduce retail prices in Greece

  5. 04/11 23:37

    Salamis Shipyards delivers the first two Island-type patrol vessels in Greece

  6. 04/11 23:28

    More than 3,000 applicants for Greek citizenship sit for language certification examinations

  7. 04/11 23:14

    Greek Youth Symphony Orchestra makes its debut at Carnegie Hall

  8. 04/11 23:09

    3rd International Conference on Ancient Greek and Byzantine Tech in Athens on November 19-21

  9. 04/11 23:08

    Greek government utilizes two tools to promote investments

  10. 04/11 22:03

    Ticket prices announced for buses and new metro in Thessaloniki city

  11. 30/10 22:45

    Greek Climate Crisis Minister offers aid to Spanish people after deadly flooding

  12. 30/10 22:35

    Joint firm for Thriasio II freight complex greenlighted by Competition Commission

  13. 30/10 22:31

    Athens International Airport records 9.8% revenue hike during Q1-Q3 2024

  14. 30/10 22:31

    Sub-concession deal inked for Mega Yachts Marina in Greek island of Corfu

  15. 30/10 21:39

    Greek government investing in supply chains to transform national economy

  16. 30/10 00:31

    Passenger ferry 'Aghia Theodora' safely in Igoumenitsa Port after running aground

  17. 30/10 00:31

    Government spokesperson: Greece's 'brain gain' wager appears to have been won

  18. 30/10 00:28

    Greek supermarket prices for 362 product codes to fall from 5% to 24%

  19. 29/10 23:41

    Wyndham inks cooperation deal for  first hotel in Piraeus

  20. 29/10 17:18

    Greek and German Presidents visit site of future Holocaust Museum in Thessaloniki

  21. 25/10 15:07

    More than 4.000 participations from 28 countries in 63 activities at Navarino Challenge 2024

  22. 23/10 22:29

    Greece's PPC successfully issues new 7-year bond raising 600 million euros

  23. 23/10 22:14

    Ferries grounded for another 48 hours in Greece

  24. 23/10 20:17

    SKY Express launches direct flights from Athens to Tirana

  25. 23/10 19:26

    European Commission greenlights €40 million for flood prevention works in Athens

  26. 23/10 11:22

    Grecce's SNF supports relief efforts after Hurricanes in the Southeastern U.S.

  27. 22/10 21:48

    IMF expects Greek economy to grow by 2.3% in 2024 and 2% during 2025

  28. 22/10 21:46

    Minister: Ticket prices for new Thessaloniki metro to be announced shortly

  29. 22/10 21:37

    Greek Shipping Minister: A new 'maritime' Egnatia will open up new prospects

  30. 22/10 21:31

    Transport Minister visits FlyOver project site in Greek city of Thessaloniki

  31. 22/10 21:25

    Increased tourist traffic in Greece during the period January-August 2024

  32. 21/10 21:23

    Prime Minister: Greece's economy on irreversible path to recovery

  33. 21/10 19:19

    Greek FinMin: Plan to utilize Hellenic Public Properties at implementation phase

  34. 21/10 18:00

    New General Manager at City Contact from January 1, 2025

  35. 21/10 09:16

    European Union Commissioner inaugurates creation of 'Trusted Investors Network'

  36. 18/10 23:09

    Exhibition of ancient cultures from Basilicata opens at Athens Acropolis Museum

  37. 17/10 19:13

    Enterprise Greece: 121 firms showcase environmentally friendly fashion at global shows

  38. 17/10 18:18

    Ticket price of 2 euros for cinema festival throughout Greece on October 31

  39. 17/10 14:34

    Prime Minister: Greece has been very effective in dealing with illegal migration

  40. 17/10 13:22

    Traditional Greek Costumes show:“From Avgi to the present: the clothes narrate”

  41. 17/10 12:21

    Santorini Experience Returned Better Than Ever

  42. 16/10 22:23

    Greek Development Minister meets Indiana Governor and US Ambassador

  43. 16/10 22:15

    Greek PM sees overtourism problem only in Mykonos and Santorini

  44. 16/10 22:10

    North Crete highway island project gains momentum

  45. 16/10 21:59

    Greek Cartoon Museum at 'Kapnergostasio' historic building set up in Athens

  46. 16/10 19:12

    Aegean Airlines expands direct flights between Thessaloniki and Kalamata in Greece

  47. 15/10 21:19

    Greek PM: Our goal is to increase revenues and not just tourist numbers

  48. 15/10 19:46

    Greek Energy Minister holds talks in Egypt on electricity connection

  49. 15/10 19:26

    Brussels Airlines to conduct year-round flights to Greece

  50. 15/10 18:34

    New Attica Transportation Strategic Plan will reshape the Region

  51. 15/10 16:44

    UK Ambassador to Athens: Greece's role is of strategic significance

  52. 15/10 15:49

    Greece's finance ministry reveals four main changes introduced by new tax bill

  53. 14/10 23:04

    Minister: Luxury tourism can upgrade quality of Greek tourist product

  54. 14/10 13:01

    Greek Infrastructure and Transport Minister: 35 new buses in Attica

  55. 14/10 12:54

    WTTC | Business travel to surpass pre-pandemic levels at US$1.5 trillion in 2024

  56. 14/10 11:48

    Commercial real estate continues upward course in Greece

  57. 11/10 22:39

    Acropolis Museum to mark European Days of Conservation-Restoration of Cultural Heritage

  58. 09/10 23:26

    Minister: More than 2,000 Greeks abroad registered on Rebrain Greece Platform

  59. 09/10 23:23

    Italgas to invest 1 bln euros in Greece by 2030 based on new strategic plan

  60. 09/10 23:22

    FinMin: The upgrade of the Athens Stock Exchange is excellent news for Greece

  61. 09/10 20:14

    Fraport Greece announces schedule of shutdowns to upgrade regional airport runways

  62. 09/10 17:30

    Greek government spokesperson highlights positive economic outlook for 2025

  63. 09/10 01:43

    October electricity bill subsidies to support vulnerable consumers in Greece

  64. 09/10 01:41

    Enterprise Greece: Four Greek wineries at ProWine Latin America 2024

  65. 09/10 01:31

    Three-week deadline for Greek taxi drivers to install payment card signage

  66. 08/10 18:22

    AEGEAN air passenger traffic surpasses 12.5 million in first nine months of 2024

  67. 08/10 16:31

    Report: Networking and career opportunities for foreign students in Cyprus and Greece

  68. 07/10 21:54

    Media: U.S. Ambassador to Athens is a Champion of Study Abroad Endeavors

  69. 07/10 21:44

    Universities of Tennessee and Athens to promote academic collaboration

  70. 07/10 20:36

    Greece's Gov.gr Wallet wins top award from WITSA

  71. 07/10 15:49

    Government: Bad loans in Greece fell to 7.5% in March 2024 from 40% in 2019

  72. 06/10 00:40

    SEVITEL sees Greek olive oil prices dropping

  73. 03/10 22:15

    Commercial activity at Keramoti port in Greece suspended to alleviate congestion

  74. 03/10 22:08

    Finance Minister: Record privatizations benefiting Greek citizens in long run

  75. 03/10 22:05

    Stavros Niarchos Foundation recognized at 2024 International Opera Awards

  76. 03/10 22:04

    Commercial operation of the Alexandroupolis LNG Terminal beginning today

  77. 03/10 16:48

    Virtuoso and Globetrender report: The top-7 luxury travel trends to watch in 2025

  78. 02/10 23:11

    Green residential electricity tariffs down 6%-17% in Greece during October

  79. 02/10 23:04

    United Hellenic Voters of America presents 50th UHVA Awards Gala in Illinois

  80. 02/10 21:46

    Athens International Film Festival marks 30th anniversary

  81. 02/10 18:59

    Greek FM: Excellent collaboration with Egypt for investments beyond energy

  82. 02/10 10:15

    ELSTAT report: Unemployment rate falls to 9.5% in Greece during August

  83. 01/10 21:32

    Collaboration between University of Athens and Google in Αrtificial Intelligence

  84. 01/10 21:31

    Prime Minister: Greece will finally have a land registry in 2025

  85. 01/10 19:14

    Work to prepare unique Doxipara-Zoni burials museum for visitors progressing fast

  86. 01/10 18:25

    Public Power Corporation announces lower kWh green rates in Greece for October

  87. 01/10 17:35

    Ministers agree to strengthen cooperation between Greek and Turkish coast guards

  88. 01/10 12:01

    A Full Schedule of Activities for Santorini Experience 2024

  89. 30/09 21:28

    Piraeus Port Authority reaches new highs in half-year revenues and profits

  90. 30/09 17:12

    Minister: Greece has the highest rate of increase of available income

  91. 29/09 21:29

    Ratification bill for Attiki Odos concession is tabled in Greek Parliament

  92. 28/09 21:19

    Toll prices reduced on Aegean Motorway in Greece

  93. 28/09 20:54

    Lykeion ton Ellinidon Costume Museum marks European Heritage Days

  94. 26/09 22:02

    Greece and South Korea sign cultural collaboration memorandum

  95. 26/09 21:55

    Hellenic Initiative’s 5th Annual Venture Impact Awards opens for applications

  96. 26/09 19:51

    Greek Tourism Minister attends Tourism Expo Japan

  97. 26/09 18:58

    Greece and Georgia ink agreement for mutual driver license recognition

  98. 26/09 18:47

    Greece ranked 2nd internationally in best practices for Public-Private Partnerships

  99. 25/09 21:37

    11 Greek environmental groups join 'Alliance for Wildlife' to preserve biodiversity

  100. 25/09 21:32

    5th KinoFest: German-language film festival held at Castro Clauss in Patras