Recently, Greek Prime Minister Kyriakos Mitsotakis announced a package of financial aid measures during a speech, providing a total of 1.1 billion euros in financial assistance to approximately 3.2 million low-income households and middle-class families with an annual income not exceeding 30,000 euros.
The Greek Minister of Finance, Minister of Energy, and Minister of Agriculture jointly announced an emergency financial aid plan lasting three months. It is reported that, in addition to the proposal to reduce the "Single Property Tax" already submitted to Parliament and subsidies for agricultural fuel and fertilizers, the total cost of assistance will reach 1.7 billion euros. The specifics are as follows:
1. Significantly increase subsidies for electricity for households and businesses, and continue previous natural gas subsidy measures. The total cost of electricity and natural gas subsidies in April is 636 million euros.
The average monthly electricity subsidy for 4.2 million primary residences has increased from 40 euros in March to 72 euros. The subsidy for the first 310 kilowatt-hours of electricity has been raised by 70% to 80%. The cost of this subsidy is 2.18 million euros.
The electricity subsidy for businesses has doubled, covering about 50% of the increased electricity costs in April. The cost of this subsidy is 278 million euros.
Subsidies for small businesses for the increase in electricity prices from January to April. The cost of this subsidy is 110 million euros.
Continuing previous natural gas subsidy measures, households receive 40 euros per kilowatt-hour, and businesses receive 20 euros per kilowatt-hour. The cost of this subsidy is 30 million euros.
2. Issue fuel electronic cards to specific individuals and freelancers, providing fuel subsidies. The total cost of the subsidies is 130 million euros.
In April, fuel electronic cards will be issued, applicable to unleaded gasoline and diesel, to subsidize the fuel consumption expenses of individuals and freelancers for the months of April, May, and June.
Eligibility is for individuals, freelancers, and Greek tax residents declaring an annual household income not exceeding 30,000 euros.
Only one person can apply for a single vehicle, provided that the vehicle has undergone annual inspection and paid road fees and insurance.
The gasoline subsidy for cars covers 60 liters of gasoline per month, with a subsidy of 22 euro cents per liter, totaling 40 euros for three months. For island residents, the subsidy is 28 euro cents per liter, totaling 50 euros for three months. For motorcycle owners in mainland areas, the three-month subsidy is 30 euros; for motorcycle owners in island areas, the three-month subsidy is 35 euros.
Applicants can log in to the government portal gov.gr to submit proof of vehicle ownership or long-term lease contracts.
Subsidies will be issued in the form of electronic cards, usable at gas stations, similar to the method of using vaccination certificates. For those unable to use smartphones, subsidies can be directly deposited into their bank accounts.
Taxis will receive a subsidy of 200 euros per vehicle in April. This subsidy involves 28,600 taxi operators.
The direct subsidy for diesel is 0.15 euros per liter.
3. Provide additional assistance to vulnerable groups. The total cost is 324 million euros.
In April, an additional one and a half months of child allowance will be issued to families that received benefits in March, benefiting over 1 million children. This expenditure amounts to 97.5 million euros.
A subsidy of 200 euros will be issued to 677,000 low-income retirees. This expenditure amounts to 135 million euros.
A subsidy of 200 euros will be issued to 35,000 uninsured elderly individuals. This expenditure amounts to 7 million euros.
A subsidy of 200 euros will be provided to 167,000 disabled individuals. This expenditure amounts to 33.4 million euros.
Double installment allowances will be provided to those on social assistance.
4. Increase the number of installments for government loans from 60 to 96, with a 15% discount for one-time repayments.
Additionally, according to relevant data released by the Greek government, the primary surplus for the first two months of this year is 847 million euros, with a primary deficit of 239 million euros, thus providing authorities with greater room to implement the aforementioned financial support measures.
In fact, during the pandemic, Greece's welfare support for citizens and residents has never ceased. Recent trends in Greece indicate that the government is actively revitalizing the economy. Various signs also suggest that the Greek economy has begun to recover, with positive signals emerging in investments. Recently, the internationally renowned rating agency DBRS announced an upgrade of Greece's sovereign credit rating from "BB" to "BB+".
If you also have needs for overseas identity, asset allocation, or children's education, now is a great time to immigrate to Greece. Investors can apply for Greek permanent residence visas for the whole family by investing in real estate starting from 250,000 euros, allowing them to travel freely across 26 Schengen countries, enjoy Greek education, healthcare, and other social welfare benefits, and acquire property with permanent ownership in Greece, establishing a second home abroad, achieving multiple benefits in one go.
At the same time, immigrating to Greece allows children to participate in the Overseas Chinese Student Joint Examination with their overseas Chinese student status, easily gaining admission to top universities such as 985 and 211, enjoying education in mainland universities! Ten years of hard work cannot compare to easily entering prestigious schools with overseas identity. An identity not only allows children to grow in a high-quality educational environment abroad but also provides better choices when facing university decisions. One investment yields multiple returns, and now is the promotional period for buying property for immigration in Greece, a rare opportunity. Purchasing a property can come with great benefits, and interested parties should seize the opportunity in a timely manner!
Asia's Top 500 Brands Worldway Group, as one of the first immigration agencies to introduce the Greek property investment immigration project to China, once again collaborates with strong Greek developers to grandly recommend another significant Greek buying property for immigration project—the Athens Seaside Promenade Apartments, suitable for both rental and personal use.
Athens Seaside Promenade Apartments
Located in a potential area of the Athens Seaside Promenade, with an excellent geographical location
Convenient transportation, easily accessible to all areas of Athens
Complete surrounding facilities, enjoying a quality life
Distant views of the Acropolis and charming seaside scenery
Properties starting from 250,000 euros, allowing the whole family to apply for Greek permanent residency
Property project images are for reference only, subject to actual delivery.
At the same time, Worldway also collaborates with strong Greek developers to recommend various quality properties to investors, such as apartments in downtown Athens, to meet the needs of different investors.
For more details, please private message us in the comments section or call the Worldway service hotline, Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
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Investment carries risks; the above information is for reference only.