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Greek government to hand out €130 million in extra compensation for prolonged store closures

Greek government to hand out €130 million in extra compensation for prolonged store closures

Greek Finance Minister Christos Staikouras has announced additional compensation for businesses that will remain closed in April as a result of prolonged lockdown restrictions designed to stem the coronavirus pandemic, ekathimerini.com reports.
The government will pay 1,000 euros to firms with up to 5 employees and 2,000 euros to businesses with between 6 and 20 employees. Businesses employing between 21 and 50 workers will receive 4,000 euros of the so-called special-purpose compensation.
Staikouras said enterprises affected for two weeks or less by the lockdown measures will receive half of the aforementioned compensation.
He noted that an estimated 100,000 businesses and self-employed professionals will benefit from the handout.
The minister said that state support to the pandemic-hit businesses will be disbursed in May. The cost of the latest measures is calculated at 130 million euros. 
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Europa credito urgente
Source: tornosnews.gr/en/

Original article: Greek government to hand out €130 million in extra compensation for prolonged store closures.

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