The European Commission has today disbursed €14.137 billion to 12 EU Member States in the seventh instalment of financial support under the SURE instrument. As part of today’s operations, Belgium has received €2 billion, Bulgaria €511 million, Cyprus €124 million, Greece €2.54 billion, Spain €3.37 billion, Italy €751 million, Lithuania €355 million, Latvia €113 million, […]
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As a result of an ongoing dialogue, the Independent Authority for Public Revenue of Greece initiated a best practice example within the European Union with a Memorandum of Understanding regarding the registration compliance procedure of Short-Term Rental Registry, signed by Airbnb, Booking.com and VRBO, Expedia Group’s Vacation Rental brand. The Registry is maintained on IAPR’s […]
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The European Commission has approved a €21 million Greek scheme to support operators of tourist buses and trains affected by the coronavirus outbreak. The measure was approved under the State aid Temporary Framework. The support, which will take form of direct grants, is intended to mitigate the impact on the beneficiaries of the restrictive measures […]
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The European Commission has decided to prolong until 31 December 2021 the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. The Commission has also decided to expand the scope of the Temporary Framework by increasing the ceilings set out in it and by allowing the conversion of […]
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Investors are increasingly optimistic about their regional economic outlook and the equity markets, according to UBS’s new Investor Sentiment survey, which polled more than 4,000 investors and business owners across 14 markets globally in late December and January. A majority of survey respondents (60%) have a positive economic outlook over the next 12 months, compared […]
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The European Commission has decided to prolong and extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. All sections of the Temporary Framework are prolonged for six months until 30 June 2021, and the section to enable recapitalisation support is prolonged […]
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In its recent publication, the IMF suggests the appropriate Fiscal Policies to contain and mitigate the damage from COVID-19. In times of pandemic, fiscal policy is key to save lives and protect people. Governments have to do whatever it takes. But they must make sure to keep the receipts. So far, countries have taken fiscal actions […]
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The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately […]
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The 2020 Posidonia exhibition is on track to set new records in exhibitor numbers and floor space for its upcoming edition this summer, as the world’s most prestigious exhibition in the biennial maritime calendar is entering its sixth consecutive decade of continuous service to the ocean-going Greek shipping community and the international maritime industry. Between […]
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After ten years of challenging economic conditions, Greek businesses are optimistinc about their future growth potentials and their outlook for international trade according to the latest HSBC ‘Navigator: Now, next and how’ survey of over 9,100 companies in 35 countries and territories, amongst them Greece. But the survey also reveals that businesses seem to adopt […]
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