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  1. Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
    Photo via www.government.gov.gr

    Economy

    does not intend to tap the cash buffer of more than 30 billion euros, which has been available to New Democracy since it came to power last year. The fact that the government has had to adjust several

    2%

  2. BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
    Photo by MacroPolis

    Economy

    recent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... instability. The turbulence in global financial markets has a ripple effect on financing conditions

    2%

  3. Tourism industry braces for outcome of gloomy Covid-19 scenarios
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyFeatures

    noted. The Tourism Ministry currently has two scenarios for the fate of the industry this year.... The coronavirus’s impact on the tourism industry and subsequently on the economy as a whole has

    2%

  4. BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020

    EconomyFeatures

    The Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus on the property market in Greece while outlining the positive year enjoyed by the sector in 2019. In the 2019... interest in this scheme has so far come from Chinese nationals, who represented over 70 percent

    2%

  5. Greece pinpoints flaws in Turkey's Aegean claims
    Photo by MacroPolis

    PoliticsForeign Policy

    . Turkey has reiterated its longstanding claim that “Kastellorizo, a small island immediately across... and in Brussels claim that this information is highly confidential. Athens has sought to actively participate

    2%

  6. Coronavirus outbreaks highlight limited progress in disbanding hotspots for migrants
    Photo by Giannis Papanikos/Fosphotos

    PoliticsGreek Politics

    to the rest of the country’s population. The Commission has urged Greece to accept offers of EU... in the area has offered to house the inhabitants in church facilities “so that they can live like

    2%

  7. IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    The IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP... of the programme exit and some reforms to unify the cash reserves of the wider public sector, Greece has at its

    2%

  8. Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    of 263.4 basis points. Greece’s new issue matures on the 22nd of April 2027 and has a coupon of 2 pct... and means the Public Debt Management Agency has raised a total of 4.5 billion euros raised this year

    2%

  9. IMF expects difficult year for public finances, PBO highlights impact on labour force
    Photo by MacroPolis

    EconomyMacroeconomy

    will rise by 5 percentage points and the drop of exports in the quarter is seen at 25 pct. The PBO has... spends one of the lowest GDP percentages on health overall at 4.7 pct but has one of the highest

    2%

  10. Retail turnover increases by 4.7 pct in February, volume up by 3.5 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    has stayed positive for the last seven months. Compared to February 2019, the main increases... confidence has shown a worsening of 1.7 points. Consumer confidence is the lowest it’s been since

    2%