
The Minister of Development and Investment, Adonis Georgiadis, referred to the inflationary pressures that the Greek economy is under but also to the new plan for dealing with the pandemic, speaking today on ANT1 channel. According to the minister, most likely tomorrow, the political leadership of the Ministry of Health will announce the new plan to deal with the coronavirus pandemic.
Regarding the parades for the national holidays, Mr. Georgiadis said that the government’s will is for them to take place, but it is reasonable to have doubts about the areas where the epidemiological data are burdened. He noted that tomorrow there will be announcements and on this by Health Minister Thanos Plevris, while he added that he regrets the low vaccination rates in northern Greece.
Commenting on the deaths in our country from complications of the coronavirus in relation to other European countries, Mr. Georgiadis said that recently the rates are indeed increased and this is due to the low vaccination rate in our country which is around 65%, while for example in its countries northern Europe it exceeds 90%.
Compensation
Asked if there would be compensation and support measures for those affected by the measures taken in areas with a high epidemiological burden, he ruled it out, saying the economy would not be able to withstand a new round of benefits. He stressed that the real responsibility for this situation lies with those who choose not to be vaccinated.
Referring to the inflationary pressures on the Greek economy, Mr. Georgiadis said that our country has lower inflation than most European countries. He added that the current government from the first day it took office has only made tax cuts and no increases.
But if the government undertakes a big reduction, for example, in the Excise Tax, which he admitted is too high, it will have an impact on public finances.
Mr. Georgiadis assured that as long as growth proceeds, at this rate, then the government will have the opportunity to consider other measures to reduce taxation and relieve citizens.


Latest News

Current Account Deficit Fell by €573.2ml Feb. 2025: BoG
The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income account

Hellenic Food Authority Issues Food Safety Tips for Easter
Food safety tips on how to make sure your lamb has been properly inspected and your eggs stay fresh.

Greek Kiwifruit Exports Smash 200,000-Ton Mark, Setting New Record
According to data by the Association of Greek Fruit, Vegetable and Juice Exporters, Incofruit Hellas, between September 1, 2024, and April 17, 2025, kiwifruit exports increased by 14.2%.

Easter Tourism Boom: Greece Sees 18.3% Surge in Hotel Bookings
Among foreign markets, Israel has emerged as the biggest growth driver, with hotel bookings more than doubling—up 178.5% year-on-year.

Greece to Launch Fast-Track Tender for Offshore Hydrocarbon Exploration
Last week, Papastavrou signed the acceptance of interest for the two Cretan blocks, while similar decisions regarding the two Ionian Sea blocks were signed by his predecessor

American-Hellenic Chamber of Commerce to Open Washington D.C. Branch
AmCham's new office aims aims to deepen U.S.-Greece economic ties and promote investment and innovation between the two countries

Why Greece’s New Maritime Spatial Plan Is a Geopolitical Game-Changer
This landmark development is more than just a bureaucratic step — it's a strategic declaration about how Greece intends to use, protect, and assert control over its seas

Eurozone Inflation Eases to 2.2% in March
Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.

Bank of Greece: Primary Gov. Surplus €4.1b Jan.-March 2025
The data released today by the Bank of Greece revealed that the central government’s overall cash balance recorded a surplus of €1.465 billion in the first quarter of 2025, compared to a deficit of €359 million in the corresponding period of 2024.

Greek Government Reissues 10-Year Bond Auction for €200 Million
The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5)