x

Economy

Greek Economy to Grow by 4.2% in 2021, FinMin Says

ATHENS — The Greek economy will grow by 4.2 pct this year, recovering half of its 2020 losses, Finance Minister Christos Staikouras said on Tuesday. In comments made to Parapolitika FM radio, Staikouras said that the government's economic team operates not only with a base scenario in mind, but also the adverse scenario. In this framework, the strategy was to support society as much as possible, he said, adding that "there are actions that are adjusted, depending on the healthcare crisis' dynamic".

The finance minister said that submission of this year's income declarations will begin shortly "if not this week, maybe next week" and that the ministry will announced the timetable for submission and completion of this process, along with the number of payment tranches, discounts and tax exemptions. Staikouras said that decisions on whether to preserve a reduced advance tax payment in 2021 will be taken by the summer, depending on fiscal conditions. "We want to preserve this, but it is too soon," he noted. He said that disbursement of state loans, under round 7 of the repayable advance programme, will be made by the end of April and that the applications submitted so far exceeded 200,000.

Staikouras aknowledged there were difficulties in the road towards disbursement of the advance payment of 4.0 billion euros from the Recovery Fund and said he expected this money to be available by the end of the first half of 2021.

RELATED

ATHENS - The government extended the application deadline for the Power Pass reimbursement program on electricity bills to July 5, government spokesman Yiannis Economou said on Tuesday.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

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.