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Economy

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…

Government’s measures to support labor force

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

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

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,…