Finance Minister Christos Staikouras. (Photo by Eurokinissi)
ATHENS — The total cost of support measures to deal with the pandemic in the first quarter of this year amounts to 5.9 billion euros so far, Finance Minister Christos Staikouras said on Monday, explaining that as monthly cost to the economy from the health crisis was now 2.4 billion euros, while due to the decisions for additional restrictive measures in the last two weeks, there was an additional monthly fiscal cost of 750 million euros.
"The finance ministry will be close to society for as long as is needed, but the available resources are not unlimited," Staikouras said, adding, among other things, that the retail sector will be relieved of the obligation to pay rent in March and that there will be an extension of reduced VAT on coffee and non-alcoholic beverages, transport, cinemas and theatrical performances, transport and tourism, while he announced two more rounds of the "repayable advance" (6th and 7th) totalling 1.5 billion euros.
ATHENS - While Greeks pay income taxes up to 45 percent the government is going ahead with plans to tax multinational companies in the country at a rate of 15 percent, anticipating it will bring in 80 million euros ($86.
THE HAGUE (AP) — The United Nations’ highest court on Monday wrapped up historic proceedings into the legality of Israel’s 57-year occupation of lands sought by Palestinians for a future state, with most voices at the hearing arguing against the Israeli government.
NEW YORK (AP) — Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge’s finding that Trump lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.
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