Image default
Greek News

Official end for the enhanced surveillance for Greece after 12 years

“The Greek economy has recovered dynamically from the pandemic, due to strong domestic demand and tourism”, says the annual report of the European Stability Mechanism (ESM) for 2021, which was approved today in Luxembourg by the Council Summit.

In particular, the ESM report points out that Greece’s economic activity increased by 8.3% in 2021, effectively recovering the production losses recorded last year, due to the effects of Covid-19.

Households and businesses used accumulated savings to stimulate consumption and investment and tourism increased.

Due to rapid growth, the debt-to-GDP ratio fell to 193.3% of GDP from 206.3%.

See Also:

Syrians increasingly choosing to leave Turkey as xenophobia grows

“The European Commission will propose today the end of enhanced surveillance of the Greek economy”, said Economy Commissioner Paolo Gentiloni, attending the Eurogroup meeting in Luxembourg.

“This is an important step for Greece,” he said.

“If our proposal is approved, as I think it will be, it will be an important step in the right direction”, he said.

Σχετικα αρθρα

Tax Bill: Tax authorities to conduct checks via email and SMS – Stricter fines for tax evaders

admin

Taxation: Email to taxpayers with the form ready for submission

admin

Fuel prices: The unleaded is…on fire! – How high will the prices go by Easter?

admin

New York Stock Exchange: The price of cocoa exceeded 10,000 dollars per ton

admin

Bank of Greece: 16% increase in tourist traffic in January 2024

admin

The government announces on Wednesday a new minimum wage of €830

admin

The myAADEapp is now fully available for mobile devices

admin

Greek Shipowners: Global dominance in tankers and LNG

admin

Mitsotakis at the Economic Club of Canada: Greece is an attractive country for investments (video)

admin

Tax & VAT on cryptocurrency transactions

admin

Economist: Greece rises 28 places in business environment and shows the biggest improvement among 82 countries

admin

Historic record for the gold price: Over $2,200 an ounce and counting

admin