Economy
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
The Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which – understandably – is dominated by the impact of Covid-19 on the Greek economy, leading to the central bank revising its forecasts for the economy in 2020, when it expects no growth at all.
Industrial turnover rises by 5.7 pct in January
Greece’s industrial turnover increased by 5.7 percent year-on-year (YoY) in January compared to a rise of 11.3 percent in December, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Current account shows deficit of 1.29 bln in January
Greece’s current account (C/A) balance posted a deficit of 1.29 billion euros in January, from a deficit of 540.3 million in December, according to Bank of Greece (BoG) data released on Friday.
Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
Only two days after announcing economic measures of up to 2 billion euros to support businesses and employees, while also making another 1.8 billion euros of European Union funds available, ministers unveiled further interventions on Friday.
Titan Cement net profits drop by 5.5 pct in 2019
Titan Group’s full-year financial results for 2019 showed that revenues increased by 8 percent across the full year.
Viohalco revenues and profits drop in 2019 due to global pricing
Industrial giant Viohalco’s full-year results for 2019 showed that the company’s revenue fell by 4.7 percent year on year from 4.41 billion euros in 2018 to 4.20 billion in 2019.
Greek hotel industry reports COVID-19 related losses of half a billion to date
The Hellenic Chamber of Hotels (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due to the coronavirus epidemic.
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
After seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP).
Motor Oil Hellas net profits fall by 12 pct in 2019
Motor Oil Hellas’s full-year financial results for 2019 show that turnover dropped by 1.5 percent compared to 2018.
Mytilineos Group's turnover up by 47.8 pct in 2019
The industrial conglomerate Mytilineos Group’s full-year 2019 financial report has highlighted that turnover rose to 2.26 billion euros from 1.53 billion euros in 2018, a rise of 47.8 percent year-on-year (YoY).