x

Economy

Mitsotakis Says Exports Show Economic Pop During Pandemic

September 22, 2021

ATHENS – Focusing more on the economy even as the COVID-19 pandemic resurges, Prime Minister Kyriakos Mitsotakis pointed to a rise in exports as a sign that a financial rebound is under way at the same time.

He said it “is the best proof that export rates serve as the mirror of a competitive economy,” especially during the Coronavirus’ comeback, speaking at the the launch of the National Strategic Extroversion Plan.

He said that will bring in critical revenues to help offset the effect of lockdowns aimed at slowing the pandemic, which hasn’t worked, as cases, hospitalizations, and deaths continue, driven by the deadly Delta Variant.

He said the monies, development and growth would be shared by society after the major rival SYRIZA declared him an elitist interested only in helping Capitalism and big business.

Mitsotakis said the export growth would reduce social inequalities and to “creating more opportunities for those who need it most,” said Kathimerini, but he didn’t give details of how it would trickle down to the neediest.

“Greece has entered a trajectory of dynamic development in a stable fiscal climate,” he said, adding that the country is “borrowing at the lowest interest rates in its history, having addressed serious issues relating to the competitiveness of its economy in a series of structural reforms.”

He didn't mention that there is still a trade imbalance of some $38.7 billion, Commodity.com reported, with annual imports of $63.5 billion but exports of only $38.7 billion in comparison.

Deputy Foreign Affairs Minister for Economic Diplomacy Kostas Fragogiannis said exports jumped 24.7 percent in the first seven months of 2021, to some 22.11 billion euros ($29.95 billion) because of government policies.

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.

DEIR AL-BALAH, Gaza Strip  — Israeli forces shelled tent camps for displaced Palestinians outside Gaza's southern city of Rafah on Friday, killing at least 25 people and wounding another 50, according to the territory's health officials and emergency workers.

LEIPZIG, Germany  — Kylian Mbappé watched from the substitutes’ bench as France and the Netherlands finished 0-0 in a heavyweight European Championship clash on Friday.

NEW YORK – Greek-American long-distance runner Alexi Pappas was featured in Vogue magazine for her latest role as an ambassador for the outdoor brand Merrell and a film project with Merrell and Vogue.

ATHENS - A total of 64 fires broke out in mixed farm and forest land in the last 24 hours, with 46 of them controlled from the very start, the Fire Brigade said in a briefing earlier on Friday.

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.