Greece Announces Covid-19 Air Transport Aid Package

By admin 28 Μαΐου 2020 No comment

Greece’s air transport sector, employing some 11,000 people, will receive 115 million euros in funding to help it recover losses incurred by the coronavirus (Covid-19) health crisis, the government said this week. The finance, labor, and transport ministries announced a series of support measures to cover the air transport sector, airlines and ground handling services,

Commission Tables Covid-19 Recovery Plan to Kick-start EU Economy

By admin 27 Μαΐου 2020 No comment

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Aiming to accelerate recovery in the aftermath of the coronavirus (Covid-19) outbreak, the European Commission announced on Wednesday its proposal for a new recovery tool that help will boost jobs and growth of impacted Union economies. Dubbed Next Generation EU, the new 750-billion-euro instrument to be part of the revamped long-term EU budget, will prioritise […]

Support for Greek Tourism Included in New Gov’t Covid-19 Aid Package

By admin 21 Μαΐου 2020 No comment

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Greek Finance Minister Christos Staikouras. Photo source: @cstaikouras Greek Finance Minister Christos Staikouras on Wednesday gave details on a new Covid-19 economic response package, aimed to cushion the blow for businesses and the livelihoods of workers. Speaking after Greek Prime Minister Kyriakos Mitsotakis gave a televised address, who announced the package as well

ESM Credit Line Now Open, Greece Could Save up to €800m

By admin 18 Μαΐου 2020 No comment

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ESM head Klaus Regling and Europe’s Economy Commissioner Paolo Gentiloni. Photo Source: ESM Greece now has the option to tap into EU emergency funds released for member states to deal with coronavirus (Covid-19) impact, European Stability Mechanism (ESM) head Klaus Regling told the media on Friday. Should Greece choose to use the ESM’s credit line, […]

Gov’t Spokesman: Greek 2020 Tourism Season Shorter, But Not Lost

By admin 12 Μαΐου 2020 No comment

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Greece’s government spokesman, Stelios Petsas. Photo source: Media.Gov.gr Tourism employees and professionals should expect to receive the greatest possible support for as long as their operations remain closed due to the coronavirus (Covid-19) pandemic, said Greece government spokesman Stelios Petsas on Monday, adding that efforts were being made to salvage what remains

EU Announces Covid-19 Pandemic Credit Line

By admin 11 Μαΐου 2020 No comment

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Exterior of the Europa building in Brussels. Source: newsroom.consilium.europa.eu/ European Union (EU) finance ministers agreed to open a 240-billion-euro credit line to member states in efforts to mitigate the impact of the coronavirus (Covid-19) pandemic on Union economies. Under the emergency response tool, EU member states will have access to European Stability

Reviving Tourism, Exports Tops Greece’s Economic Recovery Plan

By admin 4 Μαΐου 2020 No comment

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Athens, Syntagma square. Photo: Visit Greece / H. Kakarouhas Looking to the next day and at ways to recover its economy which suffered a heavy blow due to the coronavirus (Covid-19) pandemic, Greece is aiming to redefine two of its top sectors: tourism and exports. According to Greek Finance Minister Christos Staikouras, the government’s recovery […]

Tourism to Receive Portion of EU Covid-19 Recovery Fund

By admin 1 Μαΐου 2020 No comment

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Tourism may receive 20 to 25 percent of a recovery fund for sectors in the EU most affected by Covid-19, according to Thierry Breton, European Commissioner for the Internal Market. EU leaders on April 23 agreed to work towards establishing a recovery fund, which “is needed and urgent”, as underlined by European Council President Charles […]

Commission: Measures to Support Aviation, Rail, Maritime and Road Transport Sectors

By admin 30 Απριλίου 2020 No comment

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The European Commission on Wednesday adopted a package of measures expected to provide relief to the transport sector that has been hit by the Covid-19 pandemic. The package includes measures to support the aviation, rail, maritime, inland navigation and road sector and aims to solve practical problems, remove administrative burdens, and increase flexibility. According to

Greece Allocates €33.7m to Coastal Shipping, Island Entrepreneurship

By admin 27 Απριλίου 2020 No comment

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The Greek shipping ministry announced recently that it would be allocating 33.7 million euros to the islands to support entrepreneurship and coastal shipping in the aftermath of the coronavirus (Covid-19) pandemic. More specifically, island-based companies eligible for the transport discount, will receive 11.2 million euros; 15 million euros have been set aside to ensure