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Economy

FinMin: Greek Economy Showed Resilience, Stamina

ATHENS — The Greek economy showed resilience and stamina in the first quarter of 2021, with the country's GDP contracting less than expected despite the fact that the country was in a total lockdown during the biggest part of the January-March period, Finance Minister Christos Staikouras said on Friday.

In a statement, the FinMin said: "This development reveals the correctness of the choices, the prudence and fast reflexes, the rational plan and the systematic action of the government, the stamina of households and enterprises and of course the adaptability of economic sectors in emergency conditions and new situations. The Greek economy seems to be overcoming this unprecedented storm, with losses but still on its feet and able to function. From here onwards, with confidence and responsibility, without overlooking the great challenges that lie ahead, we will succeed in ensuring the fastest possible restart of the economy and achieve strong, sustainable, smart and socially fair growth."

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ATHENS - "The year 2022 will be one of historic records for both foreign direct investment in Greece and for exports," Finance Minister Christos Staikouras said on Tuesday during his speech at the "Naftemporiki" conference entitled "Greek Economy & Entrepreneurship: Challenges and Opportunities in an Unpredictable Future!" Referring to the performance of the Greek economy, he said this proved that entrepreneurship and the state, working together, were able to contain the unprecedented challenges to a satisfactory degree.

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