Friday Jan 30, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Gov't seeks to soften blow of Russian food embargo

Government officials were seeking ways on Monday to minimize the impact of a Russian food embargo by attempting to secure reassurances from Brussels that Greek producers will be compensated for their losses while also preparing to branch out into other export markets.

In two successive meetings held at the Foreign and Finance ministries, officials are said to have finalized the government’s strategy ahead of a scheduled meeting of agricultural experts from all 28 European Union member states in Brussels on Thursday. The aim is for Athens to secure the best possible deal for compensation which Greek producers of peaches and other products are already pressing for. “Decisions regarding the size and nature of the compensation will be taken there,” government spokeswoman Sofia Voultepsi said.

According to sources, an initial assessment arrived at on Monday during a meeting chaired by Deputy Foreign Minister Dimitris Kourkoulas and involving senior officials from the Finance and Agricultural Development ministries put Greece’s likely losses this year at 50 million euros. Sources described the projected damage as “limited” but said that a precise estimate would not be available until full stock has been taken of all Greek exports canceled by Russian importers.

As important as the issue of compensation is the identification of new potential export markets for Greece, government officials indicated. “The EC’s reassurance regarding compensation is good and welcome but compensation will not solve the problem,” Kourkoulas said, adding that a return to the Russian market or an opening to new markets would also be required.

As Athens waits for Brussels to decide what action it will take to compensate EU farmers, Greek regional authorities are immediately to begin assessing the financial impact from the embargo. It was decided at Monday’s meeting at the Finance Ministry that regional officials would provide details about the impact the import ban will have not just on fruit and vegetable producers but also on other sectors of the economy, such as road haulage.

Any compensation on a national level will need the approval of the European Commission first otherwise it could be considered illegal state aid, which Greece will have to pay back. Athens is hoping that the Commission will approve an EU-wide program to compensate farmers and others who will lose out as a result of Russian actions.

Until any decisions are reached, the only action the government can take is to try to absorb some of the unexported fruit through the military and state hospitals.

ekathimerini.com , Monday August 11, 2014 (21:41)  
New Greek PM to visit Cyprus on first foreign trip
No plan for when Greece´s bailout ends, Dijsselbloem says
Greece rejects return of EU-IMF inspectors to Athens, source tells Reuters
Ex premier Karamanlis said to reject SYRIZA offer for presidential candidacy
Greece to cancel gas utility sale, opposes Canadian gold mine
Greece's new left-wing government will cancel plans to sell the state natural gas utility and is firmly opposed to a Canadian gold mine that is among the biggest foreign investment projects ...
Berlin: Greek aid extension only makes sense if Athens upholds reforms
Discussion about a debt reduction for Greece is not in tune with reality and Greece can only get an extension of its aid program if it is prepared to uphold the promised reforms, a spokesman...
Inside Business
SOCCER
Olympiakos draws AEK in Cup quarterfinals
The dream draw of Olympiakos vs AEK in the quarterfinal materialized on Friday, as two of the capital's three giants will face off in a two-leg tie for a place in the semifinals of the Greek...
BASKETBALL
Below-par Olympiakos succumbs to Efes
The winning streak of Olympiakos in the second group stage of the Euroleague ended on Thursday in Turkey, as Anadolu Efes outclassed the Reds in the second half to win 84-70. Olympiakos had ...
Inside Sports
INTERVIEW
SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
“SYRIZA must realize that it is now the Greek government, not a party running an election campaign,” European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. New Greek PM to visit Cyprus on first foreign trip
2. No plan for when Greece´s bailout ends, Dijsselbloem says
3. Greece rejects return of EU-IMF inspectors to Athens, source tells Reuters
4. Greece to cancel gas utility sale, opposes Canadian gold mine
5. Ex premier Karamanlis said to reject SYRIZA offer for presidential candidacy
6. Berlin: Greek aid extension only makes sense if Athens upholds reforms
more news
Today
This Week
1. SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
2. Why Greece went left while Europe turns to right
3. Capital flees Greece at fastest pace since 2011
4. Greek government's signals very mixed, ECB's Jazbec says
5. Monastiraki restaurant fire prompts panic, restricted before spread
6. EU's Schulz: Greece should follow EU line on Russia
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. SYRIZA's win will test institutions
6. Poll shows SYRIZA leading ND by 4 pct
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.