First set of economic measures to counter coronavirus effects to be announced on Monday

Finance, Development and Labour ministries will announce on Monday, at 12.30, the first set of economic measures to counter the effects of the coronavirus spread.

According to sources, the first package will include among others the suspension of VAT and social security contributions in order to support businesses in the country’s three provinces most affected by the virus.

According to the same sources, the government is also receiving proposals and requests for the support of businesses and employees ahead of the March 16 Eurogroup and the measures to be taken at pan-European level.