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Economy

Greece is at the center of global cloud computing

5 Oct 2020, 5:06 pm

The implementation of Microsoft’s investment in Greece, amounting to 400 million euros, for a Data Center node in Attica, with the added value reaching 1 billion euros, was announced today by Prime Minister Kyriakos Mitsotakis, Microsoft President Brad Smith and Microsoft’s CEO for Greece, Cyprus and Malta, Theodosis Michalopoulos. Microsoft…

Recession in Greece at 15.2% in the second quarter of 2020

4 Sep 2020, 12:06 pm

Greek economy sees record contraction of 15.2% in the second quarter of 2020, compared to the Ministry of Finance forecast for a 15.7% contraction. According to the Hellenic Statistical Authority (ELSTAT), compared to the 2nd quarter…

Greece raised 2.5 billion euros with a historically low interest rate of 1.22%

3 Sep 2020, 9:06 pm

The book of offers for the reissue of the 10-year Greek bond closed with a historically low interest rate of 1.22% and offers that exceeded 18 billion euros. This way, the Greek government is trying to take advantage of the favorable…

Mitsotakis: Foreclosures and auctions are suspended for the most vulnerable

1 Sep 2020, 1:06 pm

Prime Minister, Kyriakos Mitsotakis announced the introduction of a new bankruptcy code during his discourse on Monday at the Council of Ministers, noting that it will be a single code that finally closes the wounds of decades of…

Commission proposes financial support to cushion the impact from the coronavirus

25 Aug 2020, 3:06 pm

The European Commission announced its proposal to the Council to grant financial support of the amount of 2.7 billion euros to Greece, within the SURE financial tool framework, as a way to counter the social and economic impact…

The development plan for the Greek economy is in public consultation

4 Aug 2020, 12:15 pm

The development plan for the Greek economy prepared by a committee headed by Nobel recipient in economics Christopher Pissarides, was released on Monday. The report is a preliminary draft and is available for public consultation. The…

The Bank of Greece forecasts a growth rate of 2% for the period 2021-26

31 Jul 2020, 1:06 pm

The Greek economy will receive a big boost in the coming years from the European Union’s recovery plan agreed in July, Bank of Greece Governor Yiannis Stournaras said in an interview with Bloomberg television. Mr. Stournaras stressed…

The national strategic plan for the Recovery Fund will be presented in October

28 Jul 2020, 2:06 pm

In a statement on the timetable for activating the European Recovery Fund and the government’s plan for a rapid economic recovery, Finance Minister Christos Staikouras said that the disbursement will start in 2021, based on the…

What does the agreement on the Recovery Fund provide for Greece

22 Jul 2020, 11:06 am

The Greek government made a first assessment of the agreement reached at the Brussels Summit, calling it a “historic day for the European Union, as it takes a decisive step towards greater political and economic integration”. It is…

The package for Greece is over 70 billion euros

21 Jul 2020, 1:10 pm

Europe has shown that it can stand up to the circumstances and reach an agreement after four days of tough negotiations and a process of mutual concessions and compromises,” said Prime Minister Kyriakos Mitsotakis at a news…

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