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Tag Archives: Staikouras

FinMIn: “2022 will be a record year for foreign direct investment in Greece and exports

“The year 2022 will be one of historic records for both foreign direct investment in Greece and for exports,” Finance Minister Christos Staikouras said on Tuesday. Staikouras was speaking  t the “Naftemporiki” conference entitled “Greek Economy & Entrepreneurship: Challenges and Opportunities in an Unpredictable Future!” Referring to the performance of …

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“VAT to be reduced in some products,” says one minister, “no way” says another

Development and Investment Minister Adonis Georgiadis left open the possibility of reducing the Value Added Tax on a series of  products to contain price increases. Speaking to Mega TV on Tuesday, Georgiadis said that the government is considering reducing the VAT on certain products, adding that this is a measure …

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No additional support measures for any economy sector in budget 2022, says Greek FinMin

The state budget, to be submitted to Parliament on Friday, does not include additional support measures for any sector of the economy, Finance Minister Christos Staikouras said on Wednesday. Staikouras’ statements come a day after the food service sector  held a successful 24-hour strike across the country on Tuesday. Speaking …

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Lockdown costs Greek economy as much as €3bln per month, says finMin

Greek Finance Minister Christos Staikouras said on Tuesday, said a nationwide lockdown in the country as a result of the Covid-19 pandemic translates into losses of three billion euros on a monthly basis, whereas the losses are currently calculated at 2.7 billion euros monthly. Specifically, he said that for every …

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Greek FinMin: €10 bn in support measures for the domestic market

The Greek government will disburse around 10 billion euros to the domestic market in the next few months in support measures to deal with the consequences of the pandemic, Finance Minister Christos Staikouras said on Monday. He added that “the longer the crisis lasts on a global, European and national …

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Greek FinMin says recession at 16% in Q2, expects total at 8% in 2020

Greece’s Finance Minister Christos Staikouras has admitted that the economy will contract by 16% in the second quarter of 2020 but claimed that it will close to 8% in 2020. Speaking to Thema FM, Staikouras said that the economy will contract by 16% in the second quarter. “However, based on …

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Greece raises 3 billion euros with new 10-Year bond

Greece on Tuesday raised 3.0 billion euros from capital markets through a successful completion of a 10-year bond issue which attracted significant interest. The interest of the 10-year bond loan was set at 1.55 pct, while bids submitted surpassed 16.5 billion euros. It was the third time this year that …

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Up to 13% recession in Greece due to lockdown, says FinMin Staikouras

Greece’s economy may shrink by 10-13 percent this year following the lockdown to stem the spread of the coronavirus, Finance Minister Christos Staikouras said on Wednesday. The government will take steps to mitigate the impact of the recession and support businesses aiming for a gradual f recovery to pre-crisis levels …

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“Recession 5%-10% due to tourism losses,” says Greek FinMin Staikouras

Τhe pandemic crisis costs the Greek GDP 2.5 points every month, Finance Minister Christos Staikouras said estimating that recession may be even at 10 percent. Speaking to Thema FM on Sunday, Staikouras stressed that the large stake of tourism in the Greek economy makes it more vulnerable to the crisis. …

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Greece to benefit from Eurogroup decision by 6 billion euros

European Union finance ministers agreed late on Thursday on a 540-billion-euro package of measures to combat the economic fallout of the coronavirus pandemic. “Today we agreed on three safety nets and a plan for the recovery to ensure we grow together and not apart once the crisis is behind us,” …

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Varoufakis urged Greek Gov’t to use its veto at the Eurogroup

Leader of MeRA25 and former finance minister Yanis Varoufakis urge the Greek government to use its veto at the Eurogroup meeting scheduled to take place later on Thursday. “If the government agrees, it will have buried all hope for the country’s recovery,” Varoufakis added. Addressing Finance Minister Christos Staikouras in …

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Greece largely satisfied with EC’s 5th Enhanced Surveillance Report

Finance Minister Christos Staikouras expressed his satisfaction  over the European Commission’s 5th Enhanced Surveillance Report on Greece. However, he stressed that “efforts need to be accelerated in order to tackle endogenous and external risks, achieve viable and sustainable growth, create more and good jobs and further stimulate social cohesion. The …

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“No fiscal gap in 2020,” says Greek Finance Minister Staikouras

“There is no fiscal gap for 2020 and this will be shown in the draft budget to be submitted to Parliament on Monday,” Finance Minister Christos Staikouras said in an interview with “Εleftheros Typos” newspaper on Sunday. Staikouras’ assurance comes after the country’s lenders have estimated a fiscal gap of …

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