Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
After more lengthy negotiations, eurozone finance ministers arrived at an agreement on Thursday night to add to the measures that have already been announced to combat the economic impact of Covid-19.
Road motor vehicles going into circulation for the first time fell sharply by 50.8 percent in February, compared to a rise of 7.7 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Greece’s Industrial Production Index (IPI) fell by 3.4 percent year-on-year (YoY) in February compared to a revised decrease of 1 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
Greece’s seasonally adjusted (SA) unemployment rate came to 16.4 percent in January, unchanged from December, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Greece’s general government (gg) primary cash surplus came to 1.44 billion euros in the first two months of the year, down by 1.49 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Tuesday’s Eurogroup teleconference ended in disagreement and is set to be repeated on Thursday, although Greece did secure a boost from the European Central Bank, which decided to allow Greek sovereign bonds to be used as collateral by local banks.
Property developer Lamda Development’s full year results for 2019 show a net profit of 49.9 million euros, improving from net profits of 42.3 million in 2018.
Greece’s trade deficit increased by 7.8 percent year-on-year (YoY) in February compared to a drop of 9.8 percent in January, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed.
As Greece remains in lockdown, the impact of the coronavirus outbreak on the country's economy is becoming clearer.
Renewable energy company Terna Energy’s full year results for 2019 revealed that sales rose by 2.4 percent year-on-year (YoY) and came to 299.1 million.