Insider Economy Government discuss measures and incentives to reboot economy

Government discuss measures and incentives to reboot economy


The government discussed measures and incentives to reboot the economy with the Economy and Competitiveness Council at the Presidential Palace, as restrictive measures to eliminate COVID-19 are further relaxed.

According to a Presidency’s press release, Deputy Government Spokesman Panagiotis Sentonas said after the meeting that President Nicos Anastasiades had been briefed on the suggestions and proposals of the members of the Council, in view of the new framework of economic measures to be announced by the Government.

“Medium and long-term measures and incentives have been discussed. The Government will continue to consult with the members of the Economic Council, as the preparation and planning of the new framework of measures that will be submitted to the Cabinet for approval next week is underway,” he said.

He also noted that the Minister of Finance Constantinos Petrides, also participating in the meeting, had been in constant contact and consultation with the Economy and Competitiveness Council.

President of the Council Takis Klerides said that the meeting discussed the reboot of the economy and the measures and incentives proposed by the Economy and Competitiveness Council.

“We have explained our thoughts to the President of the Republic and the Minister of Finance, practical suggestions, which we will discuss even more in the next one or two days, until the Government completes the measures to be announced next week,” he said.

He added that the Economy and Competitiveness Council intended to help businesses and the economy in general with practical measures, aiming not only at investments by the state to help businesses, but also targeting smart ways in which the state could collect money, which is necessary in these difficult times.


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