Government: €300 Million (USD 325.5 Million) Support Measures and Ferry Ticket Interventions

The Minister of Shipping and Island Policy, Vassilis Kikilias, referred to the Prime Minister's announcements yesterday regarding four financial support measures, totaling €300 million (USD 325.5 million), emphasizing that the government is supporting society during another critical period. Furthermore, he highlighted the interventions underway to curb ferry ticket prices.

Financial Support Amidst International Developments

Mr. Kikilias described the current situation as "another critical period for the country," noting the dramatic impact of the war on the global economy and citizens' finances, particularly after attacks on energy targets and infrastructure. "Frankly, no one knows what tomorrow holds," he stated, adding, however, that the Greek government is preparing and undertaking preparatory actions. The €300 million (USD 325.5 million) provided to the market aims to strengthen individuals and professionals.

Interventions in Coastal Shipping to Curb Prices

Special emphasis was placed on the coastal shipping sector, which is inextricably linked to Greek tourism, services, and the economy, covering a significant portion of the country's GDP. Mr. Kikilias recalled that last year the government curbed ticket price increases by reducing port fees by 50% and allocating €27 million (USD 29.3 million) to the sector. This intervention, he stated, resulted in no price hikes and led to discounts of up to 32% on tickets, cabins, and vehicles due to market competition.

This year, the Prime Minister made new announcements after extensive discussions with the coastal shipping industry, to prevent costs from being passed on to families and Greeks who will be traveling. Specifically, €56 million (USD 60.8 million) will be immediately provided for mandatory ticket discounts, a cost that until now was borne by ferry companies. The Minister noted, "This year is a different circumstance; the situation is not normal, it is war, and no one knows when it will end. We will proceed with composure, step by step."

Seafarer Safety in Crisis Areas

Alongside the financial measures, Mr. Kikilias prioritized the safety of Greek seafarers. He stressed that 27 ships of various flags have been hit, while 138 Greek-owned and Greek-flagged vessels are in the wider region. Specifically, 11 Greek-flagged ships are within the Persian Gulf and 2 in the Gulf of Oman. The Operations Room maintains daily communication with these vessels, providing information and instructions according to the prevailing situation.

Mr. Kikilias concluded by emphasizing that the Greek government, through Prime Minister Kyriakos Mitsotakis, demonstrates once again that during crises, it supports Greek society by making crucial decisions. This approach, characterized by security, organized, serious, and responsible handling, is what Greek citizens and Greek society need and demand.