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Commission Forecasts 6% Growth for Greece this Year and Drop to 1% in 2023

The Commission is forecasting 6% growth for Greece this year, double the eurozone average, but sees high energy costs and inflation leading to a considerable slowdown to 1% in 2023.

Greece Exits Enhanced Surveillance, Enters New Era

Greece regained more freedom over its economic policy and entered a new era on August 20, leaving behind the European Union’s enhanced surveillance framework.

Commission: No More Enhanced Surveillance Status for Greece

Greece exits enhanced surveillance status on August 20 two years ahead of schedule and after the early repayment of bailout loans to the International Monetary Fund (IMF).

Greece Gets Next Debt Tranche, Prepares to Exit Enhanced Surveillance

The European Commission approved the release of the next tranche of debt relief to Greece, as the country prepares to exit enhanced surveillance status in August.

Greece Ready to Receive First Payment from NextGenerationEU, Says Commission

Greece has achieved the first 15 milestones in its recovery and resilience plan and is expected to soon receive 3.6 billion euros in funds from NextGenerationEU.

EU Raises 2021 Growth Forecast for Greece to 7.1%

The European Commission has revised its outlook for growth in Greece to 7.1 percent from its previous estimate of 4.1 percent.

EU Commission Commends Greece for post-Covid-19 Progress

Greece is moving faster towards growth approaching pre-Covid-19 crisis levels, said European Commissioner Paolo Gentiloni during an IOBE virtual event.

EU Signs First ‘Greece 2.0’ Funding Agreement

The financial aid agreement requested by Greece in the framework of its recovery plan was signed by the Greek government and the European Commission.

Greece Expects €4bn of EU Recovery Aid by August

Greece expects by the end of the month to have access to approximately 4 billion euros in support from the European Union’s Recovery Fund.

EU Approves Greek Recovery Plan, Paves Way for Funding

The European Commission has approved Greece’s resilience plan, paving the way for the release of 30.5 billion euros for the country to emerge stronger after Covid-19.

Commission Revises Greece Growth Forecast Upward

The European Commission has revised upward its forecast for Greek GDP growth to 4.1 percent in 2021 and 6 percent in 2022.

SURE Program Ready to Protect Jobs in EU

Greece will receive some 2.7 billion euros in financial support from the EU’s SURE program that aims to protect jobs at risk amid the Covid-19 outbreak.

EU: Covid-19 Blow to Greek Economy Milder than Expected

The European Commission has revised its outlook for the Greek economy, saying prospects for 2020 in the aftermath of Covid-19 were milder than initially expected.

Covid-19 Put EU in Deepest Economic Recession in its History, Says Commission

The European Union has entered the deepest economic recession in its history, due to the Covid-19 pandemic, according to the European Commission's Spring 2020 Economic Forecast.

Tourism to Receive Portion of EU Covid-19 Recovery Fund

Tourism may receive 20 to 25 percent of a recovery fund being prepared for sectors in the EU most affected by Covid-19.

FS Italiane: Speed Train on Athens-Thessaloniki Route in January 2018

Ferrovie dello Stato Italiane, owner of Greece’s train operator Trainose, in January is aiming to launch a new passenger speed train to run the Athens-Thessaloniki route.

Greece Makes Proposal to Reactivate Joint Tourism Committee with Italy

Greece has proposed the reactivation of the Joint Tourism Committee with Italy to strengthen bilateral tourism activities between the two countries.

Investment Key to Greece-Italy Ties, FS-Trainose Deal Paves the Way

Βoosting investments and strengthening ties are key to improving the region's economic climate, Italian PM Paolo Gentiloni said before the Trainose deal was finalized.

Greece, Italy to Seal Trainose Railway Deal in July

The Prime Ministers of Greece and Italy in early July are expected to sign the agreement for the ownership transfer of Trainose to Ferrovie.

EU Leaders Sign Rome Declaration: ‘Europe is our Common Future’

Celebrating the 60th anniversary of their founding treaty, EU leaders signed the Rome Declaration, which proclaimed "Europe is our common future."