x

Economy

Greek FinMin Presents 8 Tools to Fund Economic Recovery

October 10, 2020

ATHENS — The expectation that 2021 could become the starting point of a new course after the pandemic, with high growth rates, was expressed by Greek Finance Minister Christos Staikouras, addressing the 3rd Athens Investment Forum, and added that this growth will be funded with 8 tools.

More specifically, these tools are:

1) exit in international markets. The government has successfully raised 14 billion euros from capital market in the last 14 months, taking advantage of record-low interest rates and at the same time issues more treasury bills to reduce its borrowing costs.

2) Disbursement of gains from ANFAs and SMPs.

3) Use of Eu funds and in particular the European Recovery Fund. Greece is expected to receive 32 billion euros by 2026, of which 19.3 billion in subsidies and 12.7 billion in low-cost loans.

4) State loans to enterprises, worth more than 4 billion euros.

5) Supporting small- and medium-sized enterprises with state guarantees around 2.5 billion euros.

6) Offering around 11 billion euros through a Guarantee Fund to support enterprises.

7) satisfactory execution of the state budget in 2020 and

8) The re-activation of the banking sector to fund enterprises and offer micro-investments.

RELATED

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

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

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.