Subsidy

It is highly likely that the government will need to continue subsidizing electricity bills in September as natural gas prices rose toward the end of August, Environment and Energy Minister Theodoros Skylakakis said in a radio interview Friday.

The government may continue to pay subsidies on electricity bills in September, Environment and Energy Minister Theodoros Skylakakis has announced.

Speaking to Real FM, Skylakakis said there are resources from taxation for the subsidy, which will be paid unless prices go down.

Real estate market professionals say that, to succeed, the second round of mortgage subsidies should significantly raise the value of homes eligible for subsidized rates. This would widen the pool of available properties, they say.

Greek scale-ups, as growing startups are called, are looking for more funding, after a comparatively dry last couple of years.

According to a five-country survey by Deloitte Private, 79% of Greek scale-ups are looking for more funding.

But only 13% are certain they will find the funds they seek, with another 40% saying they are "relatively positive" they will do so.

The housing issue is high on the government’s agenda, as it is one of the burning issues in the daily lives of citizens.

One reason the negotiations over a European Union contribution to the new housing loan subsidy program are still going on is that the EU wants the houses that will be eligible for loan subsidies to be upgraded to become more energy efficient. 

As a rule, 38% of the funding provided by the Recovery and Resilience Fund should go to activities benefiting the environment. 

Beijing on Wednesday launched a probe into EU subsidies of some dairy products imported into China, the day after the bloc said it planned to impose five-year import duties of up to 36 percent on Chinese electric vehicles (EVs).

The Ministry of Climate Crisis and Civil Protection, in collaboration with all relevant Ministries, is activating the framework of state aid to support the areas of Attica affected by the August 11, 2024, fire. Some of these measures also apply to other areas impacted by fires during the summer of 2024.

The vast majority of pensioners will get an extra €15-30 from their pensions alone on January 1. However, thousands will also get an extra subsidy, ranging from €100-€200, especially those whose pensions do not exceed €700 per month.

Energy-intensive industrial enterprises are now considering the threat of the suspension of ETMEAR payments (the fee in favor of RES) as a last resort to pressure the government to disburse a total amount of more than 400 million euros that should have started to reach their coffers gradually from 2021 to 2024.