Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
PMI rises to 50 points in September, signalling stabilisation
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
OECD releases new outlook calling for sustained reforms post Covid-19
Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
Despite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns.
The European Stability Mechanism (ESM) board approved on Friday the disbursement of the next tranche of 7.5 billion euros, of which 5.7 billion will cover debt servicing needs. The funds are due to disbursed early next week.
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