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Tag Archives: measures

Unemployment measures worth €31.5mln to hinder Greece’s “brain drain”

Greece’s Labor Ministry plans a series of measures to combat unemployment. The measures worth 632.5 million euros will be implemented in the first half of 2019 and will affect 88,500 unemployed young scientists. The measure should be considered as an effort to stop the brain drain. “The government’s plans include …

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US hits Greece’s pipe exports with anti-dumping duties

The United States has opened a new battleground in its trade war with the world, announcing preliminary anti-dumping duties on large-diameter welded pipe from Greece and five other countries. The U.S. Department of Commerce has announced anti-dumping duties on large-diameter welded pipe from six countries, among them one EU-member state, …

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Greece launches 25% cash rebate to lure foreign film productions

Stunning scenery, spectacular sunsets, amazing archaeological sites. Who wouldn’t want to put a film setting in Greece? Many… if only there weren’t so many bureaucratic and financial hurdles. Now the Greek government has reportedly introduced a 25% cash rebate in order to attract foreign film productions. A long-awaited measure, a …

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Greece “indefinitely suspends” Super League, arrest warrant against PAOK owner

The Greek government decided on Monday to indefinitely suspend the Super League after PAOK FC president Ivan Savvidis entered the pitch armed with a gun on Sunday during a match against AEK FC. Police has issued an arrest warrant for Savvidis and four more persons. “We decided to suspend the …

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Tsipras says additional measures won’t be implemented if no debt relief deal

Greek Prime Minister Alexis Tsipras said that the additional austerity measures 2019-2020 will not be implemented if there is no measures for debt relief. In an interview to private ANT1 TV on Tuesday evening, the Prime Minister clarified that the government will legislate for the additional pension cuts and higher …

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EU Commission, IMF sent Greeks two MoU drafts before talks resume

Greece and foreign creditors resume talks on Tuesday afternoon after a long break. On the table are the so-called “reforms” prescribed under the international bailout and further debt relief. The aim is to reach a comprehensive deal (staff level agreement) before the Eurogroup meeting on May 22.  Talks are over …

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ELSTAT: Greece’s primary surplus reaches 3.9% of GDP in 2016

Greece improved its public finances last year, achieving a general government primary surplus of 0.7 percent of gross domestic product compared to a 5.9 percent of GDP deficit in 2015, the country’s statistics agency ELSTAT said on Friday. “The surplus of General Government for 2016, in accordance with ESA 2010, …

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Increased security measures in Greece’s Coptic churches after deadly blasts in Egypt

Greek police has increased security measures in Coptic churches after the deadly blasts in Egypt that cost the lives of 45 people. The three official Coptic churches located in Athens have been under strict surveillance and security patrols. The security plan went into effect already on Holy Monday, a day …

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FinMin Tsakalotos admits: Creditors push for more austerity measures for 2019-2020

Without conclusion of the second program review there will be no discussion on debt neither we will enter ECB’s Quantitative Easing and consequently return to the markets. This dramatic warning came from Greece’s Finance Minister Euclid Tsakalotos on Monday. Speaking at the conference “Time for the Greek Economy” in Athens, …

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