Feb 13 • 07:07 UTC 🇬🇷 Greece To Vima

Disappointed industrialists by the Government – Stumbling block the reduction of energy costs

Greek industrialists express disappointment with government inaction on energy cost support measures.

The Greek industrial sector finds itself in a precarious position regarding support measures for energy costs. It has been four months since Prime Minister Kyriakos Mitsotakis promised swift action on this issue during the General Assembly of SEV (Hellenic Federation of Enterprises). Almost six months ago, SEV proposed to the Prime Minister an Italian support model, which, under the current scheme known as 'Energy Release 2.0', does not provide direct subsidies but rather supports energy costs while requiring energy-intensive industries to reinvest in renewable energy sources over time.

Currently, the industry is facing a deadlock due to stalled negotiations between the Ministry of Environment and Energy and the European Commission. The leadership of the Ministry, particularly Deputy Minister Nikos Tsafos, has been coordinating with the Commission to finalize a comprehensive energy support strategy. However, as time passes, the urgency increases for concrete actions that could alleviate the financial strain on industries relying heavily on energy for their operations.

As the situation unfolds, industrialists are becoming increasingly vocal in their concerns about the government's inability to implement timely measures to support the energy costs, which are a significant factor affecting their operations. This highlights not only the vulnerabilities of the Greek industrial landscape but also the potential economic ramifications if energy costs remain unaddressed, further straining the Greek economy and the global competitiveness of its industrial sectors.

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