Greece has announced a sweeping €5.3 billion plan aimed at supporting vulnerable households and small businesses, while accelerating the country’s transition to greener energy and transport systems.
The package includes 25 measures and will be funded through the European Union’s Social Climate Fund, with implementation expected to begin in 2026. Officials say the initiative is designed to tackle rising energy costs, improve living conditions and promote sustainable growth.
Focus on energy savings and cost relief
A central pillar of the plan is the expansion of “Exoikonomo” programs, which support energy-efficient home upgrades. Around 62,000 homes and 10,000 small businesses are expected to benefit from subsidies covering a significant portion of renovation costs, including insulation, window replacements and shading systems.
In parallel, at least 280,000 households will receive support to install heat pumps and solar water heaters, replacing older, more expensive heating systems. Subsidies could reach up to 80 percent of the total cost.
The government also plans to increase annual heating allowances for around 780,000 households, helping offset rising fuel and energy prices.
Social housing and targeted support
The plan includes the construction of 2,350 energy-efficient homes intended to house approximately 7,000 vulnerable citizens at low rent. Priority will be given to families with low incomes, young couples and households including people with disabilities.
A new national registry will also be introduced to streamline access to energy support measures, reducing bureaucracy and improving targeting.
Greener and more accessible transport
Significant investment will go into modernizing public and private transport. The measures include the introduction of 210 electric buses in major urban areas and upgrades to metro systems to improve frequency and accessibility.
A subsidized leasing scheme will allow low-income households to access electric vehicles at reduced monthly costs, while small businesses will receive financial support to purchase or lease electric cars and vans.
The plan also provides full subsidies for mobility equipment for people with disabilities, addressing gaps in existing support systems.
Broad economic and social impact
The program is expected to benefit around 1.5 million households and 70,000 very small businesses. Eligibility will be based on income, social and geographic criteria, with particular emphasis on those facing energy or transport poverty.