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

By admin 14 Φεβρουαρίου 2022 No comment

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 […]

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 […]

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 […]

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 Sees 9% Slowdown in 2020 for Greece Due to Covid-19

By admin 6 Νοεμβρίου 2020 No comment

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Athens, Greece. Photo Source: Visit Greece / Y. Skoulas The European Commission revised down its initial growth forecast for Greece to 9 percent in 2020 due to the impact of the coronavirus (Covid-19) pandemic on the country’s major economic drivers: tourism and exports. The Commission now estimates that the Greek economy will see a partial […]

Greece Aiming to Tap Into Public Assets

By admin 22 Οκτωβρίου 2020 No comment

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Alimos Marina. Photo Source: HRADF Greece is looking to capitalize on dozens of public assets in an attempt to boost state coffers and drive the economy, said Public Properties Company (ETAD) CEO Stefanos Vlastos during the 21st Prodexpo virtual conference this week. Vlastos said ETAD would be launching concession tenders for clusters of real estate or […]