Christos Staikouras

Under the headline "Strengthened by the coronavirus crisis: Greece wants to become European champion in growth", the German RND network  refers to the forecasts for rapid recovery of the Greek economy after the pandemic, mainly utilizing Tourism and the European Union Recovery Plan .

Greece will help its key tourist industry with an additional financial package worth more than 400 million euros ($486 million), the country's finance minister said on Monday.

By George Gilson

With the government struggling to manage the disastrous economic impact of the COVID-19 pandemic, Finance Minister Christos Staikouras presented "five axes" of the government's reform programme during an online Economist Conference entitled «200 Years of Economic Survival», a reference to this year's bicentennial of the start of Greece's War of Independence.

By George Gilson

The government today announced a sorely needed 300mn euro boost for the Greece's devastated restaurant industry amidst a huge wave of unemployment in the sector.

The Finance Ministry has granted another long extension to the tax payment deadline, putting back the suspension that was to last until April 30 by another eight months, to the end of this year, allowing for dues to be paid afterward in 24 or 48 tranches.

Finance Minister Christos Staikouras on Monday announced specific measures for the "greater, more immediate and targeted support of households and enterprises" to deal with the growing impact of the pandemic on the economy, raising the fiscal cost over the first quarter of the year to 5.9 billion euros, above the budget estimate that had earmarked €7.5 billion for that purpose for the entire ye

The total cost of support measures to help citizens and businesses with the economic impact of the pandemic in the first quarter of 2021 is estimated at 5.9 billion euros, Finance Minister Christos Staikouras said on Monday.

Finance Minister Christos Staikouras was expected to provide details on the support measures announced last Friday by Prime Minister Kyriakos Mitsotakis.

A presentation of the latest measures was scheduled for Monday at 9 a.m.

Staikouras was also expected to announce economic support for specific sectors.

The new restrictions announced on Friday are estimated to carry an additional fiscal cost of 200 million euros a month, Finance Minister Christos Staikouras told state broadcaster ERT on Saturday.

He noted that the measures affect 68% of businesses in areas marked "red" for rising coronavirus infections, such as Athens and Thessaloniki.

State revenues were 20% below target last month, according to the Finance Ministry's latest data, forcing it to revise its plans on the side of caution.