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Economy

K. Mitsotakis: The Commission’s proposal is not just positive for Greece but for the whole European project

28 May 2020, 2:18 pm

The 32 billion euro package Greece will receive from the EU recovery fund, will be allocated towards the dynamic restart of the economy, based on the Commission’s proposal. The Commission is proposing the 750 billion-euro Νext Generation EU recovery measure, to support the European economy which has been hit hard by the pandemic. Greece is…

Government announces plan to strengthen the economy and labor

21 May 2020, 12:18 pm

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

20 May 2020, 11:06 am

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

14 May 2020, 11:22 am

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…

EU: 9.7% recession in the Greek economy for 2020- Conflict between government and opposition

7 May 2020, 1:06 pm

The European Commission forecasts that the Greek Economy will contract by 9.7% in 2020 and will grow by 7.9% in 2021, in the context of the Covid-19 pandemic, according to the Spring Economic Forecast report prepared by the General…

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

4 May 2020, 5:06 am

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…

EU leaders’ summit: Greece is in favor of a common debt issue

4 May 2020, 5:06 am

A first agreement on the establishment of a European Recovery Fund, which will be based on the multi-year framework for the period 2021-2027, seeks to be reached at today’s teleconference of the 27 leaders of the EU Member States,…

Government’s measures to support labor force

29 Apr 2020, 2:06 pm

The government is ready to legislate a program to stimulate employment with funds amounting to one and a half billion euros, announced the Finance ministry. The program will focus on boosting the income of employees who will be…

Yannis Stournaras’ role in the ECB has been upgraded

27 Apr 2020, 8:06 pm

Bank of Greece Governor Yannis Stournaras has been appointed chairman of the European bank’s Audit Committee, succeeding Ewald Nowotny, former governor of Oesterreichische Nationalbank. The responsibilities of the Audit Committee…

Staikouras: More targeted policies will be adopted if needed

27 Apr 2020, 10:06 am

In an interview with ERT, Finance Minister Christos Staikouras said that if needed, the government will announce further targeted policies and assured that the country’s cash reserves are sufficient for the next two to three months,…

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