Browsing Category

Economy

The package for Greece is over 70 billion euros

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 conference after the EU summit. The Prime Minister stated that Greece will receive a total package of over 70 billion…

Agreement of the “27” on the Recovery Fund

The 27 EU member states reached an agreement regarding the Recovery Fund, announced the President of the European Council, Charles Michel. After marathon meetings, the “27” reached a compromise for the 750 billion euros of the Fund,…

Decline in state revenues due to the pandemic

According to the detailed data on the progress of the state budget in the first five months of 2020 provided by the Ministry of Finance, there will be a significant decline in government revenues from VAT and Special Consumption…

The Recovery Fund dominates the agenda of the EU Summit

The European Commission’s proposal regarding the 750 billion euros Recovery Fund, as well as the EU’s new long-term budget, are expected to be discussed at the EU Summit to be held today via teleconference. Regarding the Commission’s…

Greek economy contracted by 0.9% in the first quarter of 2020

According to the Hellenic Statistical Authority (ELSTAT) provisional performance data of the first quarter of 2020, the Greek economy decreased by -0.9%. “The recession is significantly smaller than in other Eurozone countries which…