Greece Announces Relief Measures to Tackle Energy Crisis

By admin 17 Μαρτίου 2022 No comment

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In efforts to relieve struggling Greeks hit hard by spiraling energy costs, the government announced a set of relief measures on Thursday, including a fuel rebate and an electricity bill subsidy for some 1.4 million qualifying households with an annual income of up to 30,000 euros. More specifically, according to Greek Finance Minister Christos Staikouras, […]

EIB Teams Up with Greek Banks to Support Covid-hit Businesses

By admin 15 Φεβρουαρίου 2022 No comment

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The European Investment Bank (EIB) Group under the European Guarantee Fund (EGF), announced that it would join forces with Greek banks to support businesses impacted by the Covid-19 pandemic providing 6.5 billion euros in liquidity. Tourism enterprises, among the hardest hit in Greece, will be able to tap into the funding. A total of 2.7 […]

FinMin: Greece to Repay IMF Loans Two Years Ahead of Schedule

By admin 14 Φεβρουαρίου 2022 No comment

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Greek Finance Minister Christos Staikouras. Photo source: @cstaikouras Greece’s finance minister Christos Staikouras told Reuters on Monday that the country would be proceeding with the early repayment of bailout loans to the IMF (International Monetary Fund) by the end of the month. Repaying IMF loans two years ahead of schedule would bring the country one […]

EU Commission: Tourist Flows Lift Greece Economy in 2021

By admin 10 Φεβρουαρίου 2022 No comment

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Healthier tourist flows to Greece over the summer helped the Greek economy reclaim a significant part of Covid-19-induced losses, said the European Commission this week, forecasting overall real GDP to grow by 8.5 percent in 2021. In its European Economic Forecast Winter 2022, the Commission is also expecting the Greek economy to expand by 4.9 […]

Greek PM Announces ‘Generous’ ENFIA Property Tax Break

By admin 2 Φεβρουαρίου 2022 No comment

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Greek Prime Minister Kyriakos Mitsotakis. Photo source: @PrimeMinisterGR Greek Prime Minister Kyriakos Mitsotakis announced on Wednesday that ENFIA single property tax would be slashed by 13 percent in an attempt to ease the burden of soaring energy prices.  The prime minister described the tax break as “generous” and “permanent”, adding that under the new scheme,

Covid-19: Greece Supports Jobs, Businesses with New Measures

By admin 30 Δεκεμβρίου 2021 No comment

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Photo: Shutterstock The Greek labor and finance ministries announced six new measures on Thursday aimed at supporting businesses and households affected by a new round of Covid-19 restrictions in view of soaring cases. Among others, the government will restore in January a 534-euro special purpose subsidy for employees in F&B and entertainment (musicians, singers,

Eurogroup Approves Release of Next €767m Tranche for Greece

By admin 7 Δεκεμβρίου 2021 No comment

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Photo source: @EUCouncil The Eurogroup approved the release on Monday of 767 million euros in aid as part of Greece’s enhanced surveillance and debt support program, said Greek Finance Minister Christos Staikouras. Eurozone finance ministers who met in Brussels on Monday and were briefed on the findings of the Commission’s 12th enhanced surveillance report for […]

Commission: Tourism Helping Greece Economic Recovery

By admin 25 Νοεμβρίου 2021 No comment

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Τhe Greek economy is recovering despite the Covid-19 pandemic but due to the high level of debt, Greece must maintain sustainable public finances, said the European Commission in its 12th enhanced surveillance report released on Wednesday. The Commission is forecasting growth in 2021 to reach 7.1 percent – fast approaching pre-pandemic economic activity levels –  […]

Budget 2022: Tourism to Help Greece Meet Growth Goals 

By admin 23 Νοεμβρίου 2021 No comment

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Hellenic Parliament, Athens (archive photo) Greece has set its growth target for 2022 to 4.5 percent driven by a faster recovery this year as a result of strong tourist flows, consumption, and Covid-19 financial support, according to the final 2022 budget tabled in parliament on Friday. The budget projects GDP growth at 11.7 percent in […]

EU Raises 2021 Growth Forecast for Greece to 7.1%

By admin 12 Νοεμβρίου 2021 No comment

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The European Commission revised its outlook for growth in Greece to 7.1 percent from its previous estimate of 4.1 percent as the country marks the third fastest rate in the eurozone driven in large part by an unanticipated tourist season. According to the European Economic Forecast for autumn, inflation for 2021 is set to remain at […]