An additional disbursement amounting to 2.54 billion euros, was made to Greece today by the people in charge of the SURE Program, in order to support employment.
In a statement, the Minister of Finance Christos Staikouras stated that “Less than two months after the acceptance by the European Commission of the request submitted by the Greek Government for the allocation of additional – not available at European level – resources from the SURE Program, Greece receives, today, the disbursement of these additional resources, amounting to 2.54 billion euros,” adding: “Thus, together with the 2.73 billion euros that had already been disbursed by February, the total aid to Greece from the program, aimed at supporting employment, will amount to 5.27 billion euros – almost double the initial forecast.”
He also stressed that “The money of the Program is a loan, with extremely low to zero borrowing costs, and covers measures to support employees and employers, which were implemented from the beginning of the health crisis, in order to maintain jobs” also pointing out that the measures include the special purpose compensation and the coverage of insurance contributions for the employees whose employment contracts have been temporarily suspended, the coverage of the insurance contributions of the seasonal workers and the implementation of the “SYN-ERGASIA (COOPERATION)” program.
Mr. Staikouras concluded: “The Government is making and will continue to make the best use of domestic and European tools, means, and resources, in terms of economic efficiency and social reciprocity, so that the wounds of the health crisis can be healed as soon as possible and become solid foundations for achieving high, sustainable, smart and inclusive growth “.
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight