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Economy

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 averaged -3.2%,” said Finance Minister Christos Staikouras, adding that this proves  that the government’s…

Further easing of restrictions imposed by the coronavirus

Another phase of the easing of restrictions imposed by the coronavirus, starts today Monday, June 1, concerning a series of activities and with the simultaneous application of the necessary protection rules. More specifically, after…

Government announces plan to strengthen the economy and labor

Prime Minister Kyriakos Mitsotakis, in a televised speech on Wednesday, announced the government’s plan for the economy, labor and tourism, which he described as a bridge program for the coming months and a package intended to boost…

European Council gives ‘green light’ to SURE Program

The European Council gave the “green light” to the SURE Program to boost employment. Through the program, loans of up to 100 billion euros can be made available to Member States on especially favorable terms. As noted in the European…

Greece’s plan to save tourism this summer

The European Commission presented the roadmap for the gradual recovery of European tourism, as well as a common approach to the gradual lifting of restrictions on borders imposed by member states due to the coronavirus pandemic. The…

Charles Michel: The 27 agreed to set up a recovery fund

European Council President Charles Michel announced at the end of the summit, that the 27 EU member states have agreed to set up a recovery fund that will be linked to  the EU’s next 7-year budget and welcomed the commission’s plan…