Greece Ready to Receive First Payment from NextGenerationEU, Says Commission

By admin 28 Φεβρουαρίου 2022 No comment

Photo source: European Commission The European Commission on Monday endorsed a positive preliminary assessment of Greece’s payment request for 3.6 billion euros, under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU. “Today, we have reached a new milestone in the implementation of NextGenerationEU in Greece. In our view,

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

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 […]

EU Approves Greek Recovery Plan, Paves Way for Funding

By admin 17 Ιουνίου 2021 No comment

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European Commission President Ursula von der Leyen and Greek Prime Minister Kyriakos Mitsotakis in Athens. Photo source: European Commission The European Commission approved Greece’s resilience plan paving the way for the release of 30.5 billion euros to go towards reforms and investments that will enable the country to emerge stronger after Covid-19. Prime Minister

Commission Revises Greece Growth Forecast Upward

By admin 12 Μαΐου 2021 No comment

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Photo Source: Visit Greece / Y. Skoulas The European Commission revised upward on Wednesday its forecast for Greek GDP growth to 4.1 percent in 2021 and 6 percent in 2022 making a modestly higher estimate compared to its February predictions of 3.5 percent in 2021 and 5 percent in 2022. Employment support measures are expected […]

SURE Program Ready to Protect Jobs in EU

By admin 22 Σεπτεμβρίου 2020 No comment

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The European Commission on Tuesday welcomed the activation of the SURE instrument, which will provide up to 100 billion euros in financial support to help protect jobs and workers affected by the coronavirus (Covid-19) pandemic. According to European Commissioner for Economy Paolo Gentiloni, the SURE instrument is now available and ready to be deployed in […]

EU: Covid-19 Blow to Greek Economy Milder than Expected

By admin 9 Ιουλίου 2020 No comment

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Economic forecast map. Source: European Commission The European Commission revised its outlook for the Greek economy on Tuesday, saying prospects for 2020 in the aftermath of Covid-19 were milder than initially expected. Greece GDP is set to contract by 9 percent this year compared to 9.75 percent as initially projected in the Commission’s previous forecast […]

Covid-19 Put EU in Deepest Economic Recession in its History, Says Commission

By admin 6 Μαΐου 2020 No comment

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The European Union has entered the deepest economic recession in its history, due to the Covid-19 pandemic, with the unprecedented shrinking of economic activity posing a threat to the single market and the euro area. Τhe European Commission’s Spring 2020 Economic Forecast on Wednesday showed that the EU economy is expected to contract by a […]