The Greek government announced new measures worth 3.5 billion euros to support the real economy but mainly seasonal businesses in a country whose tourism has been heavily hit by the pandemic.
Among the measures announced by Prime Minister Kyriakos Mitsotakis on Friday are:
Scrapping the tax payment in advance for seasonal businesses.
Launching a third round of repayable tax advances which will be paid according to June, July and August’s turnover.
Subsidizing by 60% all employer’s contributions registered at SYN-ERGASIA programme which is now extended to August, September and October.
All seasonal businesses will not pay any labor contributions for July, August and September.
Extension of “labor suspension” in the tourism sector is extended.
Speaking at the Parliament, Mitsotakis said that any predictions on recession in 2020 is only a theoretical exercise, adding that the only thing he could say is based on current data.
“Recession in Q1 2020 was significantly lower that in the other eurozone countries. Ιn the period March-April 2020 it was less that the European average. The Greek economy did well in comparison with the rest of Europe,” he added.
