Greece Considers Support for Businesses Impacted by Coronavirus

The ministries of economy, development and tourism are examining a series of measures to support business owners in the aftermath of the Covid-19 outbreak.

More specifically, Greek Tourism Minister Harry Theoharis recently told Capital TV that subsidies and facilitating liquidity were among the measures currently being considered.

According to Theoharis, the tourism ministry jointly with the economy and development ministries will draw up a two-pronged support plan that will focus on aid for businesses and employees on an enterprise, industry or geographical level, depending on the impact of the coronavirus.

And secondly, support actions to be implemented in the aftermath of the virus scare when the overall impact on the economy can be assessed. Measures may include facilitating liquidity so that businesses can immediately recover lost ground.

The minister admitted that though pre-bookings in the first two months of the year were on an upward trend, the coronavirus effect has begun to impact reservations. The focus now, Theoharis said, is to secure the country’s trade and business advantages “even in this environment of external challenges”.