Greece announces 30% increase in heating allowance
- On Tuesday, Finance Minister Kyriakos Pierrakakis announced a 30% increase in the annual heating allowance and a direct pump subsidy to combat surging energy costs.
- The announcement follows calls from Greece for Europe to relax spending rules, enabling governments to support households amid record-high fuel prices reaching across several countries.
- Pierrakakis said the dual strategy aims to "ease the pressure on families" during a difficult economic climate, with measures designed to support hundreds of thousands of households nationwide.
- Several governments across Europe are responding similarly; Germany introduced a 17 cents per litre fuel duty cut on October 1, while Spain extended existing fuel tax cuts.
- Both Germany and Spain will maintain their fuel measures through December, as ministries are expected to present further details of the support package on Wednesday.
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"In a difficult international situation, with the energy crisis testing the resilience of households around the world, our priority is to limit the pressure on families," he emphasized. The post Heating allowance: Pierrakakis announces 30% increase appeared first on in.gr.
Kyriakos Pierrakakis announced a double intervention by the government in heating oil with a subsidy at the pump and an increase in the heating allowance by 30%. “In a difficult international situation with the energy crisis testing the resilience of households around the world, our priority is to limit the pressure on families. That is why we are proceeding with double support for heating oil. With a subsidy at the pump and an increase in the h…
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e-thessalia.grThe Minister of Finance spoke of a double intervention with a subsidy at the pump and an increase in the allowance
Greek Finance Minister Says Heating Allowance to Rise 30% this Year
ATHENS – The heating allowance in Greece will be 30% higher this year compared to last year, while a direct subsidy at the pump will also be introduced to bring down energy prices immediately. The Minister of National Economy and Finance and Eurogroup President Kyriakos Pierrakakis made the announcement as he departed for the International...
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