There are timid sprouts of optimism in the Treasury Department, as data for April and early May, following the lifting of restrictions on retail trade, opening of catering and freedom of travel, indicate a return to normalcy, which will pave the way for economic recovery from the pandemic crisis. The macroeconomic scenario for 2021 is […]
The Greek government reported a larger-than-expected primary budget deficit of € 6.21 billion in the first four months of the year, due to lower tax revenues, finance ministry data showed on Monday. The government is targeting a primary budget deficit, which does not include debt service costs, of € 5.24 billion for the January-April period. […]
Greek wine exports in 2020 were significantly impacted by the global coronavirus pandemic, according to an analysis of ΕΛΣΤΑΤ data produced by the Central Cooperative Union of Wine Products (ΚΕΟΣΟΕ). The decline in the cost of wine decreased by 11.13%, last year it was 70 669 750 euros, compared with 79 517 240 euros in […]
Between 20% and 30% of the kiosks operating in the tourist areas of Athens and in the center of the capital have been forced to close or are underutilized due to the quarantine and the pandemic. This was announced by Christos Konturis, vice president of the Athens Association of Kiosks and member of the board […]
The special compensation is payable on Friday 9 April and is intended for 505,866 recipients. According to the decision of the Minister of Labor and Social Affairs Kostis Hatzidakis, the allocation of the amount of 250 416 507.37 was approved by the decision of E.F. 1033-501-0000000, ΑΛΕ 2310989899 of the current fiscal year and calculated […]
The Bloomberg agency classifies Greece as the countries with the lowest resistance to the pandemic, judging by the situation in the country in March of this year. The Republic of Greece has “lost” 20 positions in the monthly ranking, reflecting the struggle of the states of the world with the coronavirus. In particular, the country […]
A list of 118 projects and 64 reforms has finally crystallized a national recovery plan, which will be presented to the Commission in mid-April to receive grants from the Recovery Fund in the amount of 18 billion euros. Another 13 billion euros will come from the fund’s loans intended for private investment. The decision, agreed […]
The zero rent extensions apply to the retail, catering, culture, sports, tourism and transportation sectors. Rent exemptions in April are foreseen for some 200,000 businesses that have remained closed to date. At the same time, an extension is possible in May (for those who will still be closed). This is the plan of action that […]
At present, 80 million euros have been credited to the bank accounts of 156,696 property owners. This is a subsidy through which the state covers up to 80% of the rent reduction in January. The beneficiaries will receive money to their current account in the coming days, depending on the financial flow of each particular […]