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Social Economy

General Information on the Social Economy

The social economy is a set of productive activities with characteristics that do not have as their main purpose the increase of profit and the private benefit of those involved but give importance to social purposes, to solidarity and inequality participation. The contribution of the social economy, especially in times of economic crisis, is important because it has the potential:

  • To contribute to increasing overall employment.
  • To assist the integration in to the lab our market of people who face difficulties in accessing it.
  • To act as a service provider for vulnerable groups of the population and social categories such as children, thee l dearly and the disabled.
  • To contribute to local development with actions related to culture, local and traditional production, environmental improvement, new forms of energy.


The development of the Social Economy is a necessity and a challenge for the productive reconstruction of the country. Its contribution to sustainable development is expected to be decisive. A clear and solid institutional framework is a necessary foundation for building a stable development pillar. Incentives and supportive actions should give further impetus to the sector. However, the raw material, the life blood, remains firmly the human Solidarity,  the willingness to make a social contribution and offer to our country and our fellow man.

What is the Social and Solidarity Economy In situation ?

Social and solidarity economy bodies are:

  • The Social Cooperative Enterprises
  • Social Cooperatives with Limited Responsibility(SCRs)
  • The Workers’ Cooperatives
  • Any other unincorporated legal person, provided that ,cumulatively:
    1. Develops activities of collective and social benefit.
    2. Its hall ensure the information and participation of its members and shall apply a democratic decision-making system in accordance with the principle of one member one vote, irrespective of the contribution of each member.
  • Its statutes provide for restrictions on the distribution of profits.
  1. It applies system of convergence in there numeration of labor.
  2. It aims to strengthen its economic activities and maximize the social benefits generated through horizontal and equal networking with other CSOs.
  3. It has not been established and is not managed directly or indirectly by a public body or a first- or second-tier local authority or by another legal person in the wider public sector.

The energy sector in the social economy

Vasilis Taktikos The centralized nature of fossil fuels and the distributed nature of renewable energy sources; New jobs in the energy sector The acceleration of the energy transition and new jobs The energy communities – energy cooperatives Low energy costs and local energy self-sufficiency The energy sector is the most critical in the economy and

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The intervention of the Local self-government in the Social Economy

The intervention of the Local self-government in the Social Economy By Vasilis Taktikos The intervention of the local self-government in the social economy, with resources and infrastructure, is decisive in its development and especially in the creation of local employment. By analogy with state intervention in the private sector when it is in economic crisis

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Law 4935/2022 was published, which refers to “Incentives for business development through partnerships and corporate transformations and other provisions”. More specifically, Article 15 provides for income tax exemption in the case of cooperation between natural persons, mainly farmers. Article 15 of the Law states: “1. Natural persons, mainly farmers, shall be granted the incentive of

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Youth Unemployment and Employment

Ilias Nikolaidis- diaNEOsis RESEARCH AND ANALYSIS ORGANIZATION The crisis of the last decade affected young Greeks the most. They have seen – compared to other age groups – their incomes fall more and their prospects or conditions of labour market integration worsen. What did they believe then, in the storm, about life and work? What

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Social Entrepreneurship as a lever for recovery

Nikos G. Sykas Strategy, Communication & Communications Consultant Innovation The pandemic Covid-19 crisis marks the beginning of a massive paradigmatic transition from a period of top-down centralised institutions to a world of distributive and collaborative power and the democratisation of innovation and creativity. The crisis requires strong responses based on solidarity, cooperation and responsibility. The Plan proposed

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The social economy as a necessary condition for the expansion of employment

By Vassilis Taktikos The social economy is a necessary condition in our time for two reasons: firstly, to address social economic exclusion and poverty and secondly, to expand employment in sectors of social benefit, which, although vital, are abandoned due to lack of profitability. In the social economy, however, they can function as non-profit enterprises.

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What is the current institutional frame work for the Social Economy?

The new institutional frame work for the Social and Solidarity Economy. (Law4430/2016, Government Gazette 205/A/31-10-2016) and the implementing Ministerial Decision 61621/D5.2643/30-12-2016 (Government Gazette), regulate the field of social economy and the intervention and supervision of the State in this field.

The purpose of the new institutional frame work is to develop the Social and Solidarity Economy sector, through the creation of a favorable environment that will facilitate the participation of all citizens in all possible productive activities, with the dissemination of practices of democracy, equality, solidarity, cooperation, as well as respect for people and the environment.

Useful Links





Startup Greece-Website supporting new business ideas

Educational Platform of Social and Solidarity Economy