FinMin: Greece Sets Ambitious Targets for 2022

By admin 22 Οκτωβρίου 2021 No comment

Greek Finance Minister Christos Staikouras. Photo source: @cstaikouras Greece is aiming to exit its enhanced surveillance status in 2022, said Finance Minister Christos Staikouras this week during the 4th Athens Investment Forum. The minister said Greece was on track for a strong economic recovery and presented the government’s policy which prioritizes achieving

Crete’s Gournes Project Attracts Four Bidders

By admin 18 Οκτωβρίου 2021 No comment

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Photo source: HRADF A tender for the exploitation of the former US military base of Gournes in Hersonissos, Crete has attracted four bidders, the Hellenic Republic Asset Development Fund (HRADF) announced on Friday. More specifically, Club Hotel Casino Loutraki (Comer Group, UK) – Lyktos Holding SA, Dimand SA (real estate development, Greece), Reds (real estate […]

EU Commission Commends Greece for post-Covid-19 Progress

By admin 30 Σεπτεμβρίου 2021 No comment

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European Commissioner for Economy Paolo Gentiloni. Photo © European Union – Source: EP Greece is moving faster towards growth approaching pre-Covid-19 crisis levels, said European Commissioner for Economy Paolo Gentiloni during a two-day virtual event this week organized by the Foundation for Economic & Industrial Research (IOBE). Gentiloni joined Greek Finance

Commission: Greek Economy Recovering ‘Earlier Than Expected’

By admin 23 Σεπτεμβρίου 2021 No comment

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Syntagma Square, Athens. Photo © GNTO/Y Skoulas The European Commission (EC) praised Greece for advancing reforms and meeting commitments agreed to as part of its post-bailout program despite the challenging circumstances caused by the Covid-19 pandemic and noted that the economy was demonstrating an “earlier-than-expected recovery”. In its 11th enhanced surveillance

Greece Expects ‘Strong Recovery’ for Economy After GDP Jumps 16.2%

By admin 8 Σεπτεμβρίου 2021 No comment

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Greece’s economy took a turn for the better in the second quarter of the year, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The country’s gross domestic product (GDP) rose by 3.4 percent against the first quarter of 2021 and increased by 16.2 percent in April-June compared to the corresponding quarter […]

EU Signs First ‘Greece 2.0’ Funding Agreement

By admin 26 Ιουλίου 2021 No comment

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The Greek government and the European Commission on Friday signed the first funding agreement that is part of Greece’s national recovery and resilience plan (dubbed Greece 2.0). The first agreement covers financial support of 17.8 billion euros. Approved by the EU earlier this month, the plan sees Greece receiving around 31 billion euros from the […]

Greece Expects €4bn of EU Recovery Aid by August

By admin 13 Ιουλίου 2021 No comment

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Photo: GTP Greece expects by the end of the month to have access to approximately 4 billion euros in support from the European Union’s Recovery Fund, said Finance Minister Christos Staikouras this week. Staikouras was in Brussels on Tuesday participating in a meeting of EU finance ministers who approved the recovery plans of 12 member […]

Greece Prepares to Deal With ‘Delta’ Variant Emergence

By admin 25 Ιουνίου 2021 No comment

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Photo source: @EODY Greek authorities are preparing an action plan to address the possible spread of the new Covid-19 Delta variant, including ordering lockdowns in areas with low vaccination rates. The head of Greece’s National Public Health Organization (EODY) Panagiotis Arkoumaneas confirmed on Thursday that Delta infections were found in Athens, Corinth and on Crete,

Parliament Approves Permanent VAT Reduction for 5 Greek Islands

By admin 25 Ιουνίου 2021 No comment

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Photo source: @Parliament_GR (Hellenic Parliament / Froso Kanellidou) Greek parliament approved this week a permanent reduction by 30 percent in VAT (Value Added Tax) applicable to five Eastern Aegean islands. Greek lawmakers passed the revised bill tabled by the development & investments ministry by majority vote with the new VAT tax reduction to go into […]

EIB and HDB to Support Business Investment in Greece with €400m

By admin 24 Ιουνίου 2021 No comment

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Photo source: @EIB The European Investment Bank (EIB) in cooperation with the Hellenic Development Bank (HDB) announced that it would be extending 400 million euros in support to boost business financing across Greece, in order to stimulate innovation and create jobs. “This is an important moment for the Greek economy and the Hellenic Development Bank. […]