RECOVERY

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Recovery fund approved by lawmakers

Recovery fund approved by lawmakers The agreement paving the way for resources from the Next Generation EU fund to be channeled to Greece was ratified in Parliament on Friday on the strength of ruling New Democracy votes. The agreement between Greece and the European Union is formally named “Ratification of the Funding Agreement Between the […]

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Recovery blueprint draft heading to House plenary

Recovery blueprint draft heading to House plenary A draft ratification agreement on EU recovery funds to Greece in the form of grants and loans completed its committee rounds on Wednesday and headed to plenary for debate and a vote. The agreement between Greece and the EU is formally named “Ratification of the funding agreement between […]

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EU finance minister green-light Cyprus recovery plan

EU finance minister green-light Cyprus recovery plan The ECOFIN council of European Union finance ministers approved on Monday the national recovery plans of Cyprus as well as those of Croatia, Lithuania and Slovenia, paving the way for the disbursement of EU pre-financing for projects envisaged under the schemes. The national plans are part of the […]

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ATHEX: Half-hearted recovery in stock market

ATHEX: Half-hearted recovery in stock market Greek stocks staged an unconvincing recovery on Tuesday, as early gains were halved by the end of the session and reduced turnover showed only a half-hearted rebound from Monday’s sell-off. Worries over the course of the pandemic continue to affect the mood at Athinon Avenue and the corporate news, […]

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Rush for the first EU loans

Rush for the first EU loans The first batch of European loans from the Recovery and Resilience Fund of Next Generation EU will start being disbursed for the financing of private investments before long, with Greece’s large enterprises working feverishly to prepare and submit investment plans. Estimates say the first 200 million euros will be […]

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June budget data confirm economy is on recovery course

June budget data confirm economy is on recovery course The June state budget figures released on Thursday showed a significant improvement in state finances, and confirmed the start of an economic recovery in the country, Alternate Finance Minister Thodoros Skylakakis said. He added that mass participation by the citizens in the national vaccination campaign was […]

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The first 12 projects of the “Greece 2.0” Plan from the Recovery Fund

The first 12 projects of the “Greece 2.0” Plan from the Recovery Fund The technical data sheets have been approved and the first 12 projects of the “Greece 2.0” Plan with a total budget of 1.42 billion euros are starting. The approval was given by the Deputy Minister of Finance, Theodoros Skylakakis, who is responsible […]

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Greek hotels spearheading recovery

Greek hotels spearheading recovery The “day after” for Greek hotels, through the utilization of the available financial tools of the National Recovery Plan “Greece 2.0”, was discussed today at the conference on “The next day of the Greek Hotel, utilizing the financial means” co-organized by the Ministry Of Tourism and the Hotel Chamber of Greece, […]

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Women push against being left behind amid pandemic recovery

Women push against being left behind amid pandemic recovery Proponents of women’s progress on Tuesday launched a political push in Rome to ensure that global pandemic recovery efforts won’t leave women lagging even farther behind, with the chief of the European Union’s executive arm lamenting the scarcity of women in political leadership positions. Advocates are […]

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EU Council gives green light to first recovery disbursements

EU Council gives green light to first recovery disbursements On Tuesday, EU economy and finance ministers adopted the first batch of Council implementing decisions on the approval of national recovery and resilience plans. Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia and Spain got the green light for the use of EU […]

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Greece 2.0 plan gains approval

Greece 2.0 plan gains approval The recovery and resilience plans of Greece and 11 other European Union member-states on Tuesday received the necessary approval of the EU economy and finance ministers, opening the way for the payment of the first disbursements within this month. “Today is an important day for Greece and Europe,” Finance Minister […]

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In boost to recovery, EU approves investment plans of 12 countries, including Greece

In boost to recovery, EU approves investment plans of 12 countries, including Greece EU finance ministers adopted the investment plans of 12 member states on Tuesday, including those of Greece, Italy, Spain and France, paving the way for the first disbursements of EU funds to boost the economic recovery from the Covid-19 pandemic. The European […]

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Athens and EBRD sign MoU on management of EU Recovery Fund loans

Athens and EBRD sign MoU on management of EU Recovery Fund loans Greece and EBRD on Monday signed a memorandum of understanding (MoU) on the management by the European Bank of Reconstruction and Development of loans worth 1.0 billion euros to finance private investments in Greece as part of the Recovery Fund, ANA reports. The […]

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Greece, EBRD sign MoU on EU Recovery Fund loans management

Greece, EBRD sign MoU on EU Recovery Fund loans management Greece and EBRD on Monday signed a memorandum of understanding (MoU) on the management by the European Bank of Reconstruction and Development of loans worth 1.0 billion euros to finance private investments in Greece as part of the Recovery Fund. The MoU was signed by […]

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Staikouras: EU approval of 12 national recovery plans, including Greece 2.0, a ‘collective success’

Staikouras: EU approval of 12 national recovery plans, including Greece 2.0, a ‘collective success’ In a doorstep statement as he arrived for Monday’s Eurogroup meeting, Finance Minister Christos Staikouras expressed his satisfaction that the national Recovery and Resilience Plan ‘Greece 2.0’ was among the 12 national plans to be approved by the Council. “Despite the […]

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EU approves Cypriot recovery blueprint

EU approves Cypriot recovery blueprint The European Union’s executive on Thursday approved Cyprus’ plan to spend 1.2 billion euros’ worth of special funds from the EU, aimed at restarting economic growth mauled by the Covid-19 pandemic. The aid, which Cyprus won’t have to pay back, is part of the EU’s unprecedented economic stimulus totaling €800 […]

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EU executive approves Cyprus’ 1.2 bln euro Covid recovery plan

EU executive approves Cyprus’ 1.2 bln euro Covid recovery plan The European Union’s executive approved on Thursday Cyprus’s plan to spend 1.2 billion euros ($1.41 billion) worth of special funds from the EU, aimed at restarting economic growth mauled by the Covid-19 pandemic. The aid, which Cyprus won’t have to pay back, is part of […]

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Recovery of stolen paintings a ‘special day,’ says culture minister

Recovery of stolen paintings a ‘special day,’ says culture minister Greece’s minister of culture on Tuesday confirmed the recovery of two paintings by 20th century masters that had been stolen from the country’s National Gallery in January 2012. “Today is a very special day, full of joy and emotion,” Lina Mendoni told a press conference […]

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Bank of Greece: Recovery is picking up pace

Bank of Greece: Recovery is picking up pace The recovery of economic activity has already begun and is set to accelerate in the second half of the year, but the local economy continues to face significant challenges in both the short and long term, according to the Bank of Greece’s monetary policy report for 2020-21, […]

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EIB provides Covid-19 recovery loans to Bosnia, Serbia

EIB provides Covid-19 recovery loans to Bosnia, Serbia The European Investment Bank on Monday signed two loans with UniCredit in Bosnia & Herzegovina and Serbia totaling up to 100 million euros to boost support for small and medium-sized businesses for faster Covid-19 recovery. This investment contributes to the strengthening of the private sector, supporting jobs, […]

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Mitsotakis: The first 4 billion from the Recovery Fund by the beginning of September

Mitsotakis: The first 4 billion from the Recovery Fund by the beginning of September Kyriakos Mitsotakis expressed his assessment that the first disbursements from the money of the European Recovery Fund for Greece will become at the end of the summer. Huge development benefit Referring to the discussion at the Summit on the state of […]

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European recovery fund offers twofold challenge

European recovery fund offers twofold challenge The big news isn’t the size of the European recovery fund. The 800 billion euros of course makes it the largest European program since the Marshall Plan, but it is relatively small compared to the American one. The biggest news is, rather, that steps have been taken to consolidate […]

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Greek GDP to benefit by up to 3.3% from EU cash

Greek GDP to benefit by up to 3.3% from EU cash The Recovery and Resilience Facility (RRF), using the cash of the Next Generation EU fund, will boost the Greek economy much more than other European Union countries, according to Maarten Verwey, head of the Economic and Financial Affairs Directorate General at the European Commission. […]

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PM in Brussels for summit discussing Covid recovery, migration, Turkey, Russia

PM in Brussels for summit discussing Covid recovery, migration, Turkey, Russia Prime Minister Kyriakos Mitsotakis is in Brussels on Thursday to participate in the meeting of the European Council which is discussing the recovery from the coronavirus pandemic, migration, Turkey and Russia. European Council President Charles Michel said that the meeting would begin at 2 […]

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Delphi to host event on Europe’s recovery and future

Delphi to host event on Europe’s recovery and future The Delphi Economic Forum is organizing a special event on Europe’s recovery and future at Delphi on July 1 and 2. In the context of the forum’s newly launched cooperation with the Munich Security Conference, the latter’s head of research and policy, Dr Tobias Tunde, will […]

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Greece turns a page with recovery plan

Greece turns a page with recovery plan European Commission President Ursula von der Leyen ratified the Greek Recovery and Resilience Plan, “Greece 2.0,” in a festive ceremony on Thursday with Prime Minister Kyriakos Mitsotakis against the backdrop of the Ancient Agora of Athens. The implementation of the plan, which foresees a package of more than […]

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Air traffic to revert to 2019 highs in 2024

Air traffic to revert to 2019 highs in 2024 The full recovery of flights in Greece, according to the latest report by Eurocontrol, will be determined by the course of vaccinations and whether there will be another wave of the coronavirus after the end of the summer. It estimates that Greece will not revert to […]

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Mitsotakis, Von der Leyen walk in Ancient Agora after recovery plan event

Mitsotakis, Von der Leyen walk in Ancient Agora after recovery plan event Greek Prime Minister Kyriakos Mitsotakis and European Commission President Ursula von der Leyen walk at the Ancient Agora in Athens after presenting Greece’s national recovery plan at an event on June 17, 2021. [Alexandros Vlachos/ANA-MPA] Source : Newsroom Σύνδεσμος

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Commission endorses Greece’s €30.5 billion recovery plan

Commission endorses Greece’s €30.5 billion recovery plan The European Commission on Thursday endorsed Greece’s recovery and resilience plan, totalling 30.5 billion euros. “This is an important step towards the disbursement of 17.8 billion euros in grants and 12.7 billion euros in loans under the 2021-2026 Recovery and Resilience Facility (RRF),” the Commission said, adding that […]

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Von der Leyen: Greek recovery plan to ‘transform economy’

Von der Leyen: Greek recovery plan to ‘transform economy’ Greece’s national recovery plan will “transform the economy” and “prepare the country for the future,” European Commission President Ursula von der Leyen said in Athens on Thursday, her next stop in her tour of EU member-states to present the approved national action plans for economic recovery […]

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