Christos Staikouras

Handout for heating in next few days

Finance Minister Christos Staikouras said on Saturday that the ministerial decision on the heating subsidy will be signed in the next few days, adding that the deadline for road tax payments may be extended.

Speaking on Antenna television, Staikouras reminded that the ministerial decision will not only concern heating oil but also natural gas, pellets and firewood.

Economy shrinks 11.7% in Q3

The blow to tourism this year from the effects of the Covid-19 pandemic has left a deep scar on the third-quarter's economic activity, which posted a year-on-year contraction of 11.7%, according to the official estimates announced on Friday. On a quarterly basis, gross domestic product expanded by just 2.3% - i.e.

Economist Michalis Masourakis to take over as Greece's IMF representative

Finance Minister Christos Staikouras has appointed Michalis Masourakis as Greece's new representative to the International Monetary Fund (IMF), according to a ministry statement on Tuesday.
On September 1 Masourakis will succeed Michalis Psalidopoulos who leaves its post after five years and whom the government and the ministry thanked for his contribution and cooperation.

Labor subsidy program gets further boost

The ministers of finance and labor submitted an amendment Wednesday which provides that the state will not only cover 60 percent of the salary lost by workers whose working hours were reduced due to the coronavirus pandemic, but also 60 percent of employers' insurance contributions for employees who have been included in the labor subsidy program.