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PM increases coronavirus support package to 10 bln, while sounding dire warning to public
PoliticsGreek Politicsof the 3.8-billion-euro package announced only days ago, include an additional 3 billion euros of emergency income support for workers and 3 billion euros of funds redirected from existing National
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
Economylatest public address on Thursday that the government would add another 3 billion euros from the budget to the 3.8 billion it had already pledged, and another 3 billion from the National Strategic
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E-commerce businesses report drop in sales due to Covid-19
EconomyFeaturesproblems and only 3 percent expected the epidemic to have no lasting impact on their business. Forty... of 5.4 percent, followed by clothing and footwear (+3 percent), automotive fuel (+2.2 percent
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General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
EconomyMacroeconomymillion), local governments (+10 million) SSFs (+3 million) and extrabudgetary funds (+3 million
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Greece issues new 10 yr bond as investor appetite returns
EconomyGreece completed its third market foray for the year by issuing a 10-year bond of 3 billion euros. The coupon was 1.5 pct and the yield settled at 1.57 pct, suggesting a re-offer price of 99.375...., leading to the issue being oversubscribed by 5.6 times, compared to 3 times on the mid-April issue
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Newsletter 253 -12/06/2020
pct this year Greece completed its third market foray for the year by issuing a 10-year bond of 3..., leading to the issue being oversubscribed by 5.6 times, compared to 3 times on the mid-April issue
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingfee income came to 151 million, up by 3 YoY, driven by loan generation, asset management... of 3 percent YoY and 12 percent QoQ. The main contributors were new loan generation, as well
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Banks step up securitisation drive following pandemic interruption
EconomyBankingannounced. Alpha submitted a request for the use of just over 3 billion euros of state guarantees..., which is several times above the EU and eurozone averages of close to 3 pct. This is why
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Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
EconomyMacroeconomyand 263 million respectively. PIB For the aggregate period, PIB revenues came just short of 3 billion..., overshooting the target by 2.29 billion. Overall, the PIB balance landed on a deficit of close to 3 billion
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Govt weighs up stricter measures to suppress Covid-19, talks up vaccine hopes
PoliticsGreek Politicspresence. Kikilias On Tuesday, Health Minister Vassilis Kikilias said that Greece would get 3 million... President Ursula von der Leyen, will secure 400 million doses of the vaccine currently in phase 3
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