x

Economy

Greece Prepared Focused Support Measures for Enterprises, FinMin Says

ATHENS — The Greek government has prepared a package of focused support measures for enterprises during the restart process in May and possibly in the following months, Finance Minister Christos Staikouras said late on Monday. In comments made to ERT TV, Staikouras noted that "before we go to the next day we must first help households and enterprises stand on their feet", although he made it clear that state coffers did not have unlimited money.

He stressed that the cost of support measures so far in 2021 totaled 14 billion euros and that this money included other interventions that were not announced on Monday, such as self tests and actions to support the hospitality sector, including a GEFYRA 2 programme (state subsidy to corporate loans), covering fixed costs of enterprises and the disbursement of a 7th round of state loans to enterprises.

Staikouras underlined that even in the most adverse scenario, the government will stand by enterprises as they gradually return to normality. "Even if enterprises open in April we will have to support them but not with the same support measures. The exact mix of measures will depend on the time of opening," he noted.

The finance ministry said that the banking system has not helped small- and medium-sized enterprise as much as it could and added that the banking system is pressured through a new guarantee programme. Staikouras reiterated that 2021 will be a better year for tourism compared with 2020, although he admitted that the rate of growth will be lower than initial estimates.

RELATED

ATHENS - Greek public debt totaled 357,295 billion euros at the end of the third quarter of 2021, from 337,666 billion in the corresponding period in 2020, Hellenic Statistical Authority said on Friday.

Top Stories

Church

BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.

Church

NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.

Events

STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.

Video

SNF’s Health Initiative Will Support Child and Adolescent Mental Health

ATHENS - When we think about childhood injuries, we usually think of scratches, a few stitches, maybe even a broken bone.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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