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Economy

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

19 Apr 2021, 4:06 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 that the 32 billion euros that Greece is going to receive from the European recovery plan will have a very…

The Recovery Fund dominates the cabinet agenda

19 Apr 2021, 4:06 pm

The next steps regarding the Recovery Fund are on the agenda of the cabinet’s last meeting before summer recess, chaired by Prime Minister, Kyriakos Mitsotakis. In addition, the Undersecretary to the Prime Minister, Akis Skertsos,…

Commission proposes financial support to cushion the impact from the coronavirus

19 Apr 2021, 11:06 am

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

19 Apr 2021, 11:06 am

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…

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

19 Apr 2021, 5:07 am

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

19 Apr 2021, 5:07 am

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…

Greece is at the center of global cloud computing

19 Apr 2021, 12:06 am

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,…

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

19 Apr 2021, 12:06 am

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…

The Economics Olympiad organized by the Secretariat General of Public Diplomacy and Greeks Abroad…

18 Apr 2021, 7:06 pm

The Center for Liberal Studies – Markos Dragoumis (KEFiM) and the Secretariat General for Public Diplomacy and Greeks Abroad of the Ministry of Foreign Affairs are honored to announce their collaboration in organizing the Economics…

Additional relief package for employees and employers amounting to €3.3bn

18 Apr 2021, 7:06 pm

Minister of Finance, Christos Staikouras announced an additional relief package amounting to 3.3 billion euros, as Greece enters a second lockdown on Saturday. The package includes a one-off financial support of 800 euros for those…

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