Greece Announces Support Measures of 2.3 Bln Euros for Businesses, Households

October 31, 2020

ATHENS –Finance Minister Christos Staikouras announced economic support measures for workers and businesses in view of additional restrictions against the coronavirus pandemic announced by Prime Minister Kyriakos Mitsotakis on Saturday.

The cost of these support measures totals 2.3 billion euros until year's end, clarified the minister, while for November alone, which coincides with the duration of the new measures, the cost of these amounts to 1.5 billion euros, he added.

Employees affected by the emergency measures, which include extensive closures of restaurants, bars and coffee shops, among other establishments, can claim support wages of 534 euros per month after the temporary suspension of their contracts, while their social security or insurance contributions will be covered by the state where and for how long restrictions apply. During that time, lay-offs are deemed illegal, and rent rates in commercial real estate and primary residences are cut by 40 pct.

Businesses affected by emergency measures will see their VAT tax payments payable in November extended to April 30 2021, while bank loan monthly payments are suspended to year's end.

Unemployment benefit claims that expired or will expire in the months of September, October, November and December are extended by two months.



ATHENS - After saying a Value Added Tax (VAT) on food as high as 24 percent couldn’t be reduced because it was unaffordable, the New Democracy government has given a cut from that rate to 13 percent for taxis.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

Saturday, June 15, evening, a Democratic campaign event in Los Angeles.

BOSTON – The 10th International Summer University was recently held at the Maliotis Cultural Center in Brookline, MA.

Greek-American Daren Metropoulos is a principal at the private-equity firm Metropoulos & Co.

WASHINGTON (AP) — A 22-year-old woman who became an abortion rights advocate after she was raped by her stepfather as a child will campaign with first lady Jill Biden in Pennsylvania this weekend as part of a 2024 election push around the anniversary of the fall of Roe v.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.