Displaying items by tag: subsidies

A new round of fuel subsidies is set for the coming months. With gasoline prices continuously rising and inflation at 11.3% in May, the government is preparing new extraordinary measures to fight the effects of price hikes on citizens’ incomes.

Finance Minister Christos Staikouras announced four new measures, with a total cost of 1.1 billion euros, to strengthen households (mainly the middle class and the most vulnerable) and businesses.

Before Easter the "inflation check" will be paid to vulnerable social groups. This is an emergency supplement for the approximately 1.2 million citizens, which the government is preparing from the state budget, with the aim of relieving, even temporarily, hundreds of thousands of households that are "victims" of inflation.