New support package due on Wednesday

The Finance Ministry will on Wednesday announce a new set of measures to contain the effects of the coronavirus on the economy. Wednesday's package will be the first to concern the workers - providing for them to be granted handouts - and to offer state collateral for credit for enterprises harmed by the pandemic.

Sources say the new package will provide a state benefit of 400-500 euros per month for each employee of enterprises shut by government order. The state will also cover their social security contributions based on their current salaries.

The ministry will also provide for the suspension of tax and social security obligations in sectors showing a decline in turnover, according to ministry figures, the same as it has done for enterprises that have already shut down. Kathimerini understands the companies to benefit should demonstrate a reduction in turnover of...