Development Ministry

Restaurants and cafes set to reopen on May 25

As part of the government's effort to expedite the return to normalcy for businesses in Greece, the competent state health authorities have approved the opening of restaurants, bars and cafes on May 25.

Meanwhile on Monday - and two weeks earlier than originally estimated - shopping malls, department stores and discount outlets will reopen.

New fund to boost cash flow

The creation of the Guarantee Fund, which will be activated by the Development Ministry in early May to oversee the supply of state-guaranteed working capital of over 7 billion euros up until the end of 2020, marks the start of the economic recovery, through the direct injection of cash into medium-to-large and large businesses.

EU fund absorption quadruples in late 2019

Payments from the European Union's Partnership Agreement for the Development Framework, known in Greek as ESPA, amounted to 32.7 percent of public spending over 2019, a statement by the Development Ministry noted on Friday. When the Agricultural Development Program is included, the payments represent a 35.8 percent share.

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