EU Recovery Fund Approval in Germany Halted

By admin 26 Μαρτίου 2021 No comment

The German Bundestag. Photo source: bundestag.de Approval of a 750-billion-euro EU Covid-19 recovery fund, part of a 1.8-trillion-euro budget up to 2027 agreed by the EU’s 27 states last year, was temporarily blocked on Friday after German lawmakers had ratified it earlier. Hours after the lower and upper houses of parliament approved the fund, the […]

Green Light for EU’s €672.5bn Recovery and Resilience Tool

By admin 15 Φεβρουαρίου 2021 No comment

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The European Parliament approved last week the EU’s recovery and resilience facility, paving the way for the release of 672.5 billion euros in funding to be allocated to member states to recover after the Covid-19 pandemic subsides with a focus on green and digital transitions. The regulation establishing the new facility will come into force […]

Greek Minister Pledges Support for the ‘People in Tourism’

By admin 25 Σεπτεμβρίου 2020 No comment

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Deputy Tourism Minister Manos Konsolas Tax breaks and job support are among the measures taken by the Greek government to help tourism professionals impacted by the Covid-19 health crisis to make it through the “hard winter ahead”, said Deputy Tourism Minister Manos Konsolas. Speaking at the Kos Hoteliers Association general assembly this week, Konsolas referred to

EU Covid-19 Recovery Funding to Go into Green and Digital Investments

By admin 18 Σεπτεμβρίου 2020 No comment

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Restarting European economies in the aftermath of Covid-19 on a more sustainable basis through the newly launched EU-wide recovery fund is the next step in addressing the repercussions of the health crisis, the European Commission said this week, presenting its strategy for 2021. The Commission presented its 2021 Annual Sustainable Growth Strategy which includes a […]

Greece Sets Recovery Fund Priorities for Tourism After Covid-19

By admin 19 Αυγούστου 2020 No comment

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Reigniting investment interest, digital technology integration, infrastructure upgrades, sustainable tourism development, advanced tourism training and employment are the priority areas to benefit from Greece’s share of EU recovery funds to stimulate the economy after the coronavirus (Covid-19) pandemic subsides. Greek tourism stakeholders and industry bodies met on

European Commission: Long Road Ahead for EU Recovery

By admin 23 Ιουλίου 2020 No comment

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European Commission President Ursula von der Leyen Two days after EU leaders agreed on a much-needed rescue fund to address the Covid-19 backlash, European Commission President Ursula von der Leyen said planned cuts in the Union’s upcoming long-term budget will be a “difficult pill to swallow”. Presenting the conclusions of the four-day leaders’ summit to […]

PM: Greece Gets €70bn in EU Covid-19 Recovery Funding

By admin 21 Ιουλίου 2020 No comment

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Greek Prime Minister Kyriakos Mitsotakis. Photo source: @primeminstergr Greece secured at least 70 billion euros in EU rescue funds to address the repercussions of the coronavirus pandemic from a 750-billion-euro recovery plan agreed on in Brussels on Tuesday. Greece secured 70 billion euros in EU rescue funds to address the repercussions of the coronavirus pandemic […]

Covid-19 Recovery Plan Tops EU Leaders’ Meeting

By admin 19 Ιουνίου 2020 No comment

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Photo Source: @European Commission Reaching an agreement on a far-reaching Covid-19 recovery plan budgeted at 750 billion euros topped the agenda of an EU leaders meeting on Friday as the Union prepares to face the worst recession in its history. The virtual summit examined the Commission’s proposed coronavirus rescue fund dubbed “Next Generation EU” aimed […]

FinMin: Greece Doesn’t Need ESM Covid-19 Credit Line

By admin 5 Ιουνίου 2020 No comment

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The Hellenic Parliament. Photo Source: @PressParliament Greece has no need to resort to European Stability Mechanism (ESM) loans issued to member states to deal with the coronavirus (Covid-19) impact, said Greek Finance Minister Christos Staikouras, speaking at an Economist conference on Friday. “Based on current data, Greece does not need to resort to the ESM’s

Greece Lays Out Plan to Make Best Use of EU Emergency Funding

By admin 29 Μαΐου 2020 No comment

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The Greek government is looking to put a total of 22.5 billion euros in EU subsidies to immediate use aimed at addressing the impact of Covid-19 and strengthening the economy. Finance Minister Christos Staikouras said this week that Greece in October will table its priorities to the European Commission so that it can immediately begin […]