GREEK ECONOMY

ENGLISH EDITION

Improved prices to help Greek tourism sector this year

Μost importantly, there is hope for vaccinations this year, and the pan-European digital passport is expected to open the way when implemented.

11 Μαρ 2021 07:46

ENGLISH EDITION

Pandemic support measures climb above 10 bln euros

The latest health data is forcing changes to the original plan, resulting in unfavorable scenarios being put on the table for the duration of the crisis, based on which the state’s additional burden may exceed 3 billion euros by the end of April. The increase in costs is attributed to the extension and addition of support measures until April and the activation of programs subsidizing fixed costs and business loans.

03 Φεβ 2021 19:45

ENGLISH EDITION

Half of the loans suspended by Greek banks in dangerous territory

The data published by the EBA is more in line with the pessimistic estimates by the BoG, confirming that in the danger zone there are loans of 10.98 billion euros out of a total of 22.2 billion euros of loans that have been suspended.

15 Ιαν 2021 07:45

ENGLISH EDITION

Mykonos municipality braces for tough year, looks for virtual boost

One of Greece’s richest municipalities, passed a budget targeting infrastructure projects under the weight of severely reduced revenues brought on by the pandemic.

29 Δεκ 2020 16:11

ENGLISH EDITION

IMF: Greek debt sustainable but risks rise

The main problems for the Greek economy are, firstly, tourism and, secondly, bad loans and mainly the creation of new ones, due to the crisis caused by the coronavirus pandemic.

01 Δεκ 2020 07:50

ENGLISH EDITION

Athens struggles to draw digital nomads

With remote working becoming the norm these days, competition between countries to attract digital workers is rising. This is a fast emerging lucrative market that offers many benefits to local economies as the future of tourism remains uncertain.

16 Νοε 2020 13:57

ENGLISH EDITION

Athens, Corfu in top ten of cheapest destinations

In the case of the Greek capital, the average cost is 92 euros per night and covers three, four and five star hotels, with Athens being the ninth cheapest European city.

05 Νοε 2020 15:48

ENGLISH EDITION

Greece plans path to EU Recovery Fund

The shifting to a green economy, digital transformation, the strengthening of employment, private investments and the transformation of the economy are among the main axes of the Greek plan for the EU’s Recovery Fund, as the Deputy Minister of Finance Theodoros Skylakakis presented to a cabinet meeting today.

30 Οκτ 2020 06:45

ENGLISH EDITION

Road opens for hike to health insurance premiums

With an amendment to the law on consumer protection (Law 2251/1994), which was included in the bill for the new debt settlement framework, the Ministry of Development allows insurance companies to increase the premiums on existing long-term health contracts.

14 Οκτ 2020 18:48

ENGLISH EDITION

Greek Finance Minister Ch. Staikouras presents 8 tools to fund economic recovery

The expectation that 2021 could become the starting point of a new course after the pandemic, with high growth rates, was expressed by Greek Finance Minister Christos Staikouras, addressing the 3rd Athens Investment Forum, and added that this growth will be funded with 8 tools that thet will help greek economy to recover.

09 Οκτ 2020 20:52

ENGLISH EDITION

Optimistic Greek budget sees conditions improving in coming months

Α series of new reports have been published in recent days by the European Bank for Reconstruction and Development (EBRD), the Dutch ABN AMRO and Italy’s UniCredit, where forecasts for 2021 were revised lower.

07 Οκτ 2020 09:53

ENGLISH EDITION

IMF: Greek economy to contract by 9.5, before medium-term recovery

The IMF called the government's quick response to the pandemic "commendable", saying that "timely implementation of travel restrictions, a ban on public events, and other social distancing measures helped contain the initial outbreak.

03 Οκτ 2020 12:03