KEPE Study: Tourism Can Drive Greek Economic Growth in 2021

By admin 7 Ιουνίου 2021 No comment

The tourism sector can help the Greek economy recover post-Covid-19, said the country’s largest economics research institute on Friday. The Center of Planning and Economic Research (KEPE) released a study titled “Can Tourism Save Growth for 2021?”, according to which the industry can for this year reinforce the Greek economy until other activities resume. KEPE […]

Covid-19 Costs Greece €40bn in Support Measures in 2020-2021

By admin 4 Ιουνίου 2021 No comment

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Syntagma Square, Athens. Photo © GNTO/Y Skoulas The Covid-19 health crisis has cost the Greek government 40 billion euros in the 2020-2021 period which has gone into supporting impacted businesses, employees and households. Greek Finance Minister Christos Staikouras said 15.9 billion euros have so far been allocated in 2021, 4.5 billion euros of which to […]

FinMin: OECD Greece Outlook Signals Trust in Greek Economy

By admin 1 Ιουνίου 2021 No comment

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Greek Finance Minister Christos Staikouras. Photo source: cstaikouras.gr/ The findings of a new Organization for Economic Cooperation and Development (OECD) report send out a message of trust in the prospects of the Greek economy, said Greek Finance Minister Christos Staikouras this week. Staikouras referred to the report which forecasts Greece’s GDP to grow by 3.8 […]

Commission Releases €2.54bn in SURE Support Funds for Greece

By admin 27 Μαΐου 2021 No comment

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Greece will be receiving 2.54 billion euros to support employment after the European Commission released this week funds as part of its SURE scheme, according to Greek Finance Minister Christos Staikouras. The Commission disbursed a total of 14.1 billion euros to 12 member states in the seventh instalment of financial support under SURE. Greece gets 2.54 […]

New Support Measures for Greece’s Seasonal Tourism Workers

By admin 18 Μαΐου 2021 No comment

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Photo: Shutterstock 1797921322 Five measures to support seasonal employees in tourism, licensed tourist guides, tour leaders, and tour bus staff were announced on Tuesday after being finalized by Greece’s finance, labor and tourism ministries in collaboration with the Greek Tourism Confederation (SETE). The news comes after Finance Minister Christos Staikouras pledged on

Greek FinMin Pledges €400m to Support Tourism

By admin 17 Μαΐου 2021 No comment

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Greek Finance Minister Christos Staikouras. Photo source: cstaikouras.gr Greece’s Finance Minister Christos Staikouras pledged to channel more than 400 million euros into the tourism industry to help it recover after being among the hardest-hit by the Covid-19 pandemic. Staikouras announced the news during an interview on the Parapolitika radio station, adding that it will

Greece 2.0: EIB to Help Manage €5bn of Greek Recovery Plan Investments

By admin 12 Απριλίου 2021 No comment

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Photo © GTP The European Investment Bank (EIB) on Monday formally agreed to help manage up to 5 billion euros as part of Greece’s implementation of the National Recovery and Resilience Plan, known as “Greece 2.0”. The new agreement, signed between the Greek Finance Ministry and EIB, represents the first time that the European Investment […]

Greek Tourism will See Extra Covid-19 Support Through NSRF Funds

By admin 6 Απριλίου 2021 No comment

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Photo: GTP Enterprises active in Greece’s tourism sector that have been hit by the Covid-19 pandemic will see additional support through resources from the National Strategic Reference Framework (NSRF) program (known in Greece as ESPA). According to Greek Finance Minister Christos Staikouras, the support will be similar to the additional aid announced recently for the […]

Greece Announces Extra Support for Closed Businesses in April

By admin 5 Απριλίου 2021 No comment

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Photo source: Athens Traders Association (ESA) Greek businesses that will remain closed in April by state order to curb the spread of rising Covid-19 cases will receive more financial aid ranging from 1,000 to 4,000 euros, Greek Finance Minister Christos Staikouras announced on Monday. The minister said the aid, which adds up to 130 million […]

Greece Welcomes Extra €2.5bn Under Commission’s SURE Tool

By admin 31 Μαρτίου 2021 No comment

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Greek Finance Minister Christos Staikouras welcomed the news of the European Commission’s proposal for the approval of 2.5 billion euros in additional financial assistance to mitigate unemployment among others from the EU’s SURE tool. Greece together with Belgium, Cyprus, Latvia, Lithuania, and Malta will be granted 3.7 billion euros in funding out of the 100-billion-euro