The Federation of Industries of Greece (SVE) has expressed support for the European Commission's latest measures to reduce energy costs and strengthen the competitiveness of European industry, while warning that their impact will depend heavily on how quickly they are implemented at the national level.
In a statement, the organisation said the proposals are moving "in the right direction", highlighting in particular "the provision for strengthening energy-intensive industry and the mobilisation of significant resources for decarbonisation and the modernisation of production".
However, SVE stressed that "the effectiveness of European interventions will be judged to a large extent by the speed and intensity of their implementation at the national level". It added that for Greek industry, and especially for businesses in regional areas facing increased cost pressures, it remains critical that targeted policies are put in place without delay to ensure genuinely competitive operating conditions.
Within this framework, SVE pointed to the need for a stable and competitive energy cost environment for industry beyond short-term interventions, more effective mechanisms to enable businesses to access European funding tools, and stronger infrastructure alongside better connectivity between Greek industry and markets in south-eastern Europe.
"The current circumstances constitute an opportunity for a more comprehensive national industrial strategy that will leverage European initiatives and strengthen Greece's position on Europe's new production map," the statement added.
