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Economy
Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln The government has announced a fourth wave of measures aimed at supporting struggling businesses and workers amid the Covid-19 crisis as this year’s budget comes under further strain.
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Economy
Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms Only two days after announcing economic measures of up to 2 billion euros to support businesses and employees, while also making another 1.8 billion euros of European Union funds available, ministers unveiled further interventions on Friday.
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Economy Government readies up to 2 bln in assistance for shuttered firms and employees Finance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros.
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EconomyProgramme
Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions The government is lining up a new set of economic measures to help businesses struggling due to the impact of the coronavirus after receiving the all-clear from the Eurogroup regarding this year’s fiscal target.
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EconomyProgramme
Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern As was widely anticipated, since it had been trailed by Economic Affairs Commissioner Paolo Gentiloni during his recent visit to Athens, Greece’s fifth post-programme review was successfully completed with a positive report published by the European Commission on Wednesday.
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EconomyMacroeconomy
PBO sees encouraging signs for economic and fiscal outlook The Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report as several fiscal and macro fronts are moving in the right direction.
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EconomyMacroeconomy
New tax debt at 8.02 bln to Dec, down by 26.7 pct versus 2018 The month-on-month rise in Greece's new tax debt jumped by 1.06 billion euros in December, data from the Independent Authority of Public Revenues (IAPR) has shown.
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EconomyProgramme
Piecemeal process likely in drive for more fiscal space It is becoming increasingly clear that the Greek government will have to be patient in its bid to gain greater fiscal space, a move that would allow it to live up to its promise to voters of easing the tax burden.
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EconomyProgramme
Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space The fifth post-programme surveillance review was completed on Friday following three days of talks between the Greek authorities and the heads of the institutions in Athens that were preceded by a week of discussions with the technical teams during the previous week.
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Economy
Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020 Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.