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 - In more bad news for Greek consumers facing sticker shock at rising olive oil prices in supermarkets, estimates for the 2024 crop show it will be only 150,000-170,000 tons instead of the expected 200,000.

Top Stories

Columnists

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.

Video

‘Without Us, You Don’t Eat’: Greek Farmers Ride Some 200 Tractors to Athens to Demand Financial Help (Vids)

ATHENS — Greek farmers rode Tuesday some 200 tractors to the capital, Athens, demanding financial help from the government as cost of living spiked in the Mediterranean country.

ATHENS - SYRIZA-Progressive Alliance leader called on members of the Political Secretariat meeting on Tuesday to clarify whether they are doubting him as party leader.

WASHINGTON - The White House continues to warn Israel against expanding its offensive into Rafah, the southernmost city in the Gaza Strip.

KANSAS CITY, Mo — Missouri prosecutors said Tuesday that two men have been charged with murder in last week’s shooting that killed one person and injured 22 others after the Kansas City Chiefs’ Super Bowl parade.

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.