x

Politics

Mitsotakis’ COVID-19 Economic Recovery Plan Boosted by EU Funding

ATHENS – Prime Minister Kyriakos Mitsotakis’ plan to resurrect Greece's economy whose recovery was undercut by the COVID-19 Coronavirus pandemic will focus on luring foreign investors and also using European Union aid.

The New Democracy's government revamping will include 32 billion euros ($35.65 billion) in expected funding from the European Commission for big investments in the green economy, infrastructure, the digitalization and modernization of public administration and training and will be sent to the EU in October.

The EU monies will go toward another National Strategic Reference Framework (NSRF) program and not for social benefits nor to meet demands of social groups and 

The drafting of the plan will not be done by the Cabinet but led by Mitsotakis, who, as he did with COVID-19 in putting together a group of scientific advisors, is assembling an economic panel that includes Cypriot Nobel Laureate economist Christopher Pissarides in an advisory role, the paper said.

Mitsotakis had already said he would cut employer contributions, telling Star TV that, “The reduction is essentially in the indirect taxation of labor,adding that “this is a plan that we will be able to announce soon, at the end of summer.” 

He said, “I think it is the first priority today, because the burden on labor is very high and very burdensome for many companies,” who were locked down for up to 10 weeks and required state aid to stay afloat and pay workers who were stuck at home.

The paper said the cut in company contributions will be 0.9 percent from June and up to 1.1 percent by September when the Premier will speak at the Thessaloniki International Fair, a traditional speech for Greek leaders.

RELATED

ATHENS - The Minister of the Interior, Niki Kerameus, highlighted the postal vote for the upcoming European elections and the cooperation with local and regional governments at the thematic conference of the Union of Regions of Greece, "The Regions Facing the Challenges: Institutional Armoring - Rural Development," in Patras.

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

Tornado Kills Multiple People in Iowa as Powerful Storms Again Tear Through Midwest

GREENFIELD, Iowa (AP) — Multiple people were killed when a tornado tore through a small town in Iowa and left a wide swath of obliterated homes and crumpled cars, while the howling winds also twisted and toppled wind turbines.

LOS ANGELES – The UCLA Stavros Niarchos Foundation Center for the Study of Hellenic Culture and Saint Sophia Greek Orthodox Cathedral present ‘A Taste of Cyprus,’ lecture and food tasting with Christina Loucas, author, recipe developer, and food photographer on Wednesday, June 12, cocktails, 6:15 PM, and lecture and dinner, 7 PM, at the Huffington Center at Saint Sophia Greek Orthodox Cathedral, 1324 S.

HALKIDIKI – Professionals and amateur golfers from Europe, the ideal weather, the impressive golf course of Porto Carras, and the excellent facilities of Porto Carras Grand Resort, created a unique setting for the international golf tournament Porto Carras Pro-Am Aegean Mini Tour, held from May 14-18, on the peninsula of Sithonia in Halkidiki.

ATHENS - The Minister of the Interior, Niki Kerameus, highlighted the postal vote for the upcoming European elections and the cooperation with local and regional governments at the thematic conference of the Union of Regions of Greece, "The Regions Facing the Challenges: Institutional Armoring - Rural Development," in Patras.

ATHENS - With new destinations in the United Arab Emirates and Saudi Arabia, as well as strengthened presence in traditional markets like Cyprus, Turkey, Italy, Spain, and Portugal, AEGEAN continues its development path, celebrating 25 years of air transport.

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.