Government to support Greek heavy industry
Τhe Greek government has announced a series of initiatives in the heavy industries sector, trying to put a brake on a downward trend that would see the shutdown of companies and the sector's demise.
Development and Competitiveness Minister Costis Hatzidakis is recommending the adoption of tax incentives for Greeks who want to carry out an energy upgrade of their homes that would support the Greek aluminium industry; aluminium officials have sent an alarm signal under the pressures of high energy expenditures that threaten some 7,000 companies and 30,000 workers in the country according to ANA-MPA
Energy deputy minister Assimakis Papageorgiou today will announce measures aimed to reduce energy costs for energy-consuming enterprises (steel industries, cement and aluminium, among others) while an inter-ministerial commission will meet on Friday, chaired by Prime Minister Antonis Samaras, in an effort to find means of supporting Greek enterprises hit by a freeze in building activity and a sharp rise in energy cost. Market sources have said that the cost of averting the “death” of the Greek steel industry totals 100 million euros.
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