FINANCE

jumpstarting-the-enterprises
FINANCE

The Finance Ministry is about to activate two new support measures that may run up to 1 billion euros, aimed at supplying enterprises with liquidity upon their post-lockdown relaunch.


eib-to-help-manage-greece-2-0
FINANCE

The European Investment Bank formally agreed on Monday to help manage up to 5 billion euros as part of Greece’s implementation of the National Recovery and Resilience Plan, known as “Greece 2.0.”

white-dragon-set-for-takeoff
ENERGY TRANSITION

“White Dragon”, the Greek plan for the production of environmentally friendly hydrogen as fuel, aspires to secure financing from the European Union as an Important Project of Common European Interest in the context of the Hydrogen Europe program.


turkish-lira-leads-emea-losses-on-economic-woes
ECONOMY

The Turkish lira weakened on Monday as investor concerns grew over deteriorating economic conditions in the country, while stocks in emerging market suffered their worst drop in nearly three weeks as the corporate earnings season loomed.

priority-on-fiscal-caution
FINANCE

The fiscal impact of the pandemic continues to worry the Finance Ministry, which will be exercising extreme caution in how both favorable interventions at the processing of income tax declarations and support for the restart of the economy are implemented.


ecb-has-e22-bln-in-greek-bonds
SUPPORT FROM FRANKFURT

In just over a year, the European Central Bank acquired Greek sovereign bonds worth a total of 21.936 billion euros in the context of its extraordinary bond-buying program (PEPP), thereby surpassing the Greek state’s issuing activity in that period 1.4 times.

rush-to-clear-rental-backlog
PROPERTY TAXATION

The tax administration is rushing to process 570,000 declarations of reduced rental revenues submitted by landlords for the period from March to December 2020.



task-force-bonuses-for-recovery-plan
FINANCE

The six-year challenge that is the utilization of European resources through the “Greece 2.0” program has been entrusted to a select task force of 40 technocrats, a new information technology system and the know-how of some 15 private consultants.

blueprint-for-state-backing
FINANCE

With support measures likely to exceed 15 billion euros this year, the Finance Ministry is drafting a plan to help the market get through the next 18 months.

[Reuters]
ECONOMY

Turkey fined 10 securities firms up to 7.8 million lira ($1 million) in connection with irregularities in short-selling transactions.


bond-issuers-to-rein-in-orders-from-hedge-funds
ECONOMY

The European Central Bank’s massive bond-buying program has fueled a bonanza in eurozone sovereign debt, with some investors vastly overstating their orders at debt sales in a bid to secure the coveted paper.

funding-for-pandemic-hit-religious-organizations
NEWS

The government will be able to provide extraordinary funding to the Church of Greece and other religious organizations in the country, to address the needs that have arisen due to the pandemic.

new-loans-phase-to-top-1-bln-euros
FINANCE

Businesses are bracing for the seventh phase of the cheap state loans program, known as the “Deposit To Be Returned,” which will amount to more than 1 billion euros and whose disbursal will be fast-tracked.