The Greek Finance Ministry published on Sunday night the Stability Programme for 2020 that it submitted to the European Commission, providing the first official assessment of the economic impact the government expects to see from Covid 19 this year, as well as the notable recovery expected next year.
The Ellaktor Group of Companies’ financial results for 2019 showed that revenues for the financial year came to 1.27 billion euros compared to 1.86 billion euros for the same time last year, dropping by 31.4 percent.
Greek retailer Jumbo posted its financial results for the operating year of 2019, showing that turnover increased by 7.5 percent.
Greece’s retail sales index increased by 4.7 percent in February following a rise of 7.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Net deposit movements in the Greek banking system were positive by 2.85 billion euros in March, rising from inflows of 1.06 billion in February, Bank of Greece (BoG) figures revealed on Wednesday.
Credit movement in the Greek market came to 0.1 percent in March, improving from a contraction of 0.8 percent noted in February, Bank of Greece (BoG) figures showed on Wednesday.
Greece’s economic sentiment (ESI) fell by 10.1 points month-on-month in April to reach 99.3 points, European Commission (EC) figures showed on Monday.
The budget primary balance recorded a surplus of 494 million euros in the first three months of 2020, compared to a surplus of 1.44 billion in March 2019, the final Finance Ministry (MoF) budget execution bulletin showed on Monday.
Greece’s privatisations have stalled under the coronavirus pandemic, with most major privatisations making no progress.
In its regular rating cycle, S&P re-affirmed Greece’s credit score to ‘BB-‘, while it revised the outlook from positive to stable.