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Athens Macedonian News Agency: News in English, 16-04-13

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Government's economic policy council approves activation of "Juncker package"
  • [02] Business closures easing in main Greek cities, survey

  • [01] Government's economic policy council approves activation of "Juncker package"

    The government economic policy council gave on Tuesday the green light for the rapid activations of the so-called "Juncker package" investment as well as the promotion of actions that will support the Greek industry.

    42 investment projects of estimated budget of 5.6 billion euros have already been shortlisted and will be submitted to the European Investment Bank for approval. The proposals are related to projects in the fields of energy, infrastructure, tourism, information and communication technologies, research, development and innovation as well as private industrial investment.

    Focus will also be given on the development of a network of new marinas, along with the upgrading and redevelopment of the existing ones.

    [02] Business closures easing in main Greek cities, survey

    The rate of closed commercial property in Athens fell to 25.9 pct in March from 26.4 pct in September 2015, steadily falling after reaching a peak of 32.3 pct in September 2013, a survey by the National Confederation of Hellenic Commerce and Entrepreneurship (ESEE) said on Wednesday.

    The survey showed that in contrast with Athens, the commercial market in Piraeus was hit harder with the percentage of closed businesses at 33.7 pct at the end of March, almost unchanged from 33.5 pct in March 2015, but off from its peak of 34.9 pct in September 2014.

    ESEE president Vasilis Korkidis, commenting on the results of the survey said that business closures were showing signs of decline but noted that desertification zones were created in regional markets. "The economy cannot withstand a repeat of 2015 and the market cannot afford any new tax measures. We fear that the money to be drained from the market will bring back the danger of rising business closures. The epidemic of business closures, that shook Greek commerce may have been contained, but we are not out of the woods yet..." Korkidis said.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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