Greek Prime Minister Kyriakos Mitsotakis met with the European Commissioner for Economy Paolo Gentiloni who will participate in the annual Delphi Economic Forum in the historic town of Delphi between April 10-13.
After welcoming the Commissioner, the Greek Premier noted that Greece had achieved high growth rates, something many EU member-states were finding hard to accomplish.
“At the same time, there remains a steadfast commitment to fiscal responsibility with significant primary surpluses, which will continue to contribute to the reduction of the debt-to-GDP ratio”, the Greek PM added.
Mitsotakis continued by stressing that focusing on implementing structural reforms in the Greek economy was crucial in maintaining the current economic trajectory. Giving an example of his government’s commitment to pushing forward with meaningful changes he alluded to a recent major overhaul of the lower court system aimed at expediting the process of Greek court adjudication.
A pleasure to meet Prime Minister @kmitsotakis and to recognise the good performance of the Greek economy. We need a stronger and more competitive #EU 🇪🇺🇬🇷 pic.twitter.com/ciqhA0fThJ
— Paolo Gentiloni (@PaoloGentiloni) April 10, 2024
On his part, the Commissioner lauded the economic turnaround achieved by Greece, recognizing the difference in performance between Greece and the average EU member states.
“We [EU] have an average growth rate in Europe at around 0%, whereas in Greece, you have an average growth rate of 2%,” Gentiloni said highlighting how Greece had managed to leverage the European funds of the ‘NextGenerationEU to achieve this success.
Gentiloni praised the Greek PM personally for his role. “Allow me also to acknowledge your personal role, which is very significant at this moment for the future of the Union. We are, of course, at a moment of political transition, close to elections, but the fact that we have a success story to tell is very important for the future of Europe as well. I warmly thank you for your time and this meeting.”
Source: tovima.com
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%