The present study examines the expected effects of the economic conditions as developed due to Covid-19
The COVID-19 pandemic is having a tremendous impact on the world’s economy. Many businesses are struggling to stay afloat and doing whatever they can right now to rationalise costs and preserve any cash surpluses they have in order to bridge future cash flow needs. Around the world, governments are stepping in to try and limit the impact of the pandemic by providing financial support in numerous ways from direct cash payments through to the deferral of tax payments.
Grant Thornton Greece, showing its leading role to the coordination of the Grant Thornton network in South East Europe region, has gathered, with the collaboration of the region`s member firms, the measures taken by the states for the relief from COVID-19 in the following countries: Greece, Cyprus, Bulgaria, Turkey, Romania, Albania and North Macedonia. The presentation of the measures regards the following sectors: Financial, Corporate, Tax, Social and Healthcare as well as Employment. You may click the download button on this page to see the full presentation.
The most important arrangements of the 01.05.2020 Legislative Act regarding further measures against the Covid-19 pandemic and the return to the social and economic normality:
The most important arrangements of the 13.04.2020 Legislative Act regarding the measures against the Covid-19 pandemic and other urgent provisions.
Mankind today is facing an unprecedented, multi-layered crisis. The combination of Covid-19 pandemic in line with the apparent economic implications lead to a recession, unprecedented in the recent past. In fact, it might just as well be the first time in history when the entire globe has allied against a common and invisible enemy.
The private sectors’ support in the fight against the coronavirus pandemic is essential during this critical period. For this purpose, even though no further tax incentives are currently on offer, the State at least looks into ensuring that no tax disincentives arise for enterprises and individuals, who wish to contribute to the common cause and help defeat Covid-19.
