Theodoros Skylakakis

The Association of Greek Tourism Enterprises (SETE) is sending a danger signal for the hotels of continuous operation, but also the tourist units in urban and mountainous destinations as these companies are losing the support of the COOPERATION (SYN-ERGASIA) program.

Commission President Ursula von der Leyen arrives in Athens on June 17

According to "To Vima" newspaper, she is expected to announce, in the most official way, the pre-approval of the Greek Recovery Fund, amounting to 59 billion euros.

The next five years could prove pivotal for the Greek economy as the government seeks via its National Recovery and Sustainability Plan to utilize resources from the European Union's Recovery Fund amounting to 32 billion euros - which could reach €45 billion together with private funds - and power the country's GDP to a new level.

The Greek government presented on Wednesday its preliminary proposal for the distribution of support from the European Union's coronavirus recovery fund, totalling 32 billion euros.

Greece is to get 19.4 billion euros in grants and 12.7 billion in cheap loans over the next six years.

The coronavirus pandemic has blown a hole in the budget, to the tune of €9.36 billion for the first seven months of the year.

According to Treasury data released on Wednesday, the budget is showing a primary deficit (which excludes interest payments on the country's debt) of €8.199 billion instead of a €1.16 billion surplus, as planned.

The Greek state budget recorded a primary deficit of 8.199 billion euros in the January-July period, against a surplus target of 1.166 billion euros, reflecting the impact of the repercussions of the coronavirus pandemic on the economy.

Greece plans to relaunch its much-criticized Golden Visa Program, becoming one of the first European countries to reopen its immigration process, after being among the first European countries to close it due to the situation created by the Coronavirus pandemic.

More than two dozen shelters hosting asylum seekers on the Greek mainland will come under the administrative control of the Migration and Asylum Ministry as part of the effort to improve the operation of these facilities, many of which are currently operating under the authority of international organizations or nongovernmental organizations (NGOs).

The coronavirus epidemic is likely to infect the budget and the tax breaks planned for this year concerning the Single Property Tax (ENFIA) and the solidarity levy.

The government appears to be putting aside its plans for the further reduction of ENFIA and the gradual abolition of the solidarity levy for now due to the consequences of the virus on the economy.

Prime Minister Kyriakos Mitsotakis held an extraordinary meeting on Friday with Finance Minister Christos Staikouras and other ministry officials to discuss the impact of the coronavirus and its repercussions on the national economy and the country's households and enterprises.