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PM joins forces with some eurozone partners to lobby for "corona-bond"
PoliticsGreek PoliticsMinister Christos Staikouras told Skai TV on Thursday that the economy is on course to contracy by 1 to 3 percent of GDP in 2020. He noted that if the impact of the virus is felt beyond the summer
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More fiscal measures, restrictions on movement mulled by govt as it rides high in polls
PoliticsGreek Politicsthey pre-paid, a measure for which the government has set aside 1 billion euros as it tries to boost... estimate that 8 in 10 salaried staff will be eligible and 3 in 4 self-employed and freelancers
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomydropping by 3 pct in 2020, subject to various uncertainties. The Fund joins the list of organisations..., with the consumer price index in negative territory of -0.5 pct. It is due to grow by 1 pct in 2021
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economyenvironment, with the IMF seeing a global recession of 3 pct, a revision from the pre-crisis levels of 6... by 1 pct on the back of supportive spending measures. Investments will contract by 4.6 pct
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBanking. ِAn additional 5 billion euros of loans will include 2 billion euros of state guarantees, 1 billion... releases 3 billion funds from the banks, which upon leveraging will total 30 billion. Minister
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ND mulls next stage of lockdown easing as support remains strong despite some grumbles
PoliticsGreek Politicsthe beginning of next week. It is still not clear if primary schools will reopen on June 1. The government... popularity, which has actually increased by 3 points since the last poll by Alco, rising to 40
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBanking. Recurring operating expenses fell by 3 percent YoY to 250.6 million euros. This was largely driven by lower... from 98 percent at the end of December 2019. At the end of March 2020, the Common Equity Tier 1
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Parties jostle over economic data, public still backs ND approach on pandemic
PoliticsGreek Politicsquarter-on-quarter. This was a much smaller contraction than the eurozone average, which was above 3 pct... since the final quarter of 2019, when GDP shrank by 1 percent. “Mr Mitsotakis brought the recession
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Industrial production down by 4.9 pct YoY in May but picks up from previous month
EconomyMacroeconomylargely by a 17.6 percent decrease in the mining and quarrying index, followed by a drop of 1 percent... in the electricity supply index, a drop of 3 percent in manufacturing and 6.2 percent in mining and quarrying
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H1 results for Greek corporates show signs of pandemic biting
EconomyCorporatesmillion euros compared to losses of 1 million in H1 2019. Sales across the group came to 159.5... turnover, showed growth of close to 3 percent to reach 116.1 million from 112.7 million in H1 2019
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