FLASH
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Meanwhile, no measures have been taken in Albania to support citizens in the face of this situation. Prices are rising, state coffers are filling up, while citizens remain completely unsupported in the face of this crisis.
The Greek government has presented a package of eight measures to cope with price increases, aiming to support farmers, livestock keepers and all Greek citizens, as a result of the impact that rising oil prices have on the cost of living.
Prime Minister Kyriakos Mitsotakis stressed that the interventions aim to return the fiscal surplus to society, by directly addressing rising costs in energy, production and consumption.
Support for energy and agriculture
In the energy sector, the fuel subsidy is extended for the month of May, with a support of 20 cents per liter. The measure aims to reduce the cost burden, especially for productive sectors such as agriculture and livestock.
Meanwhile, the 15% subsidy for chemical fertilizers is extended until August, in order to support farmers and stabilize the prices of agricultural products.
Benefits for families and tenants
The government has increased the income thresholds for the rental reimbursement benefit, expanding the beneficiary base and including more families in the scheme.
Help for families with children
A direct payment of 150 euros is foreseen for each child, as support for meeting daily costs.
Support for pensioners
The annual allowance for pensioners increases to 300 euros, while the criteria for benefit are expanded, including more categories in need.
Private debt measure
The package also includes measures for private debt management, through the expansion of restructuring mechanisms and the possibility of installment repayment.
These interventions come at a time when the rise in oil prices is being directly reflected in rising living costs for Greek citizens and the productive sectors.
How is Albania doing?
Meanwhile, no measures have been taken in Albania to support citizens in the face of this situation. Prices are rising, while citizens remain completely unsupported in the face of this crisis. There are no subsidy schemes or similar bonuses, while support for farmers and livestock keepers remains limited.
The direct subsidy for oil has been removed and replaced with other forms of support, which remain insufficient to cope with rising costs.
This development highlights the differences in the two countries' approach to managing the cost of living crisis.
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