Christos Staikouras

Staikouras says recession in 2020 may be limited to 5-8 pct with aid measures

Greece could limit this year's recession to 5-8 percent after taking into account the government's implemented and planned relief measures which will amount to 24 billion euros, the country's Finance Minister Christos Staikouras said on Wednesday.

He said if support measures had not been taken, the recession could reach 13 percent this year.

Government signs 57.5-million-euro deal for Alimos marina

The 57.5-million-euro concession agreement to use and exploit the marina of Alimos, in southern Athens, for a duration of 40 years was signed on Wednesday with Aktor Concessions.

The value of the agreement amounts to at least 177 million euros, including an up-front fee, an annual concession fee and a revenue-sharing expressed as a percentage of the marina's annual turnover.

Six-pronged restart blueprint

The Finance Ministry is already planning for the next stage of the country's economic revival, hoping that the first, starting today with the opening of some stores, will go ahead without any significant problems. The main challenges for the government lie in six areas: tourism, transport, exports, investments, employment and banks.