Emergency tax cuts extended into 2021

All emergency tax reductions and the permanent tax breaks ratified before the onset of the pandemic will apply in 2021, with the cheap state loans program also running into next year, Finance Minister Christos Staikouras assured on Saturday.

The Deposit To Be Returned scheme will continue in 2021 after this month's fourth phase and next month's fifth, Staikouras told Skai television. He also reported that 19,830 applications were submitted in the first few hours of operation of the fourth phase's platform on Friday, resulting in loans of 155 million euros to businesses. The disbursement will take place today, with payments to the next batch of applicants due at the end of the week.

He added that in the third phase of the scheme, €3.4 billion in loans were issued to 150,000 enterprises, mainly on islands.

The Deposit To Be Returned, said Staikouras, is only one...