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Coronavirus
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Economy
OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP The Organisation for Economic Cooperation and Development published on Monday a report that evaluates the initial impact on economic activity of containment measures taken around the globe against the spread of the coronavirus.
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Economy
Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln The government has announced a fourth wave of measures aimed at supporting struggling businesses and workers amid the Covid-19 crisis as this year’s budget comes under further strain.
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PoliticsGreek Politics
ND to unveil more economic support as coronavirus restrictions are extended The government is gearing up for the announcement of a new set of measures to help struggling businesses as the lockdown looks set to stretch well into April.
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PoliticsGreek Politics
Mitsotakis urges EU to act after European Council stalemate As expected, Thursday’s European Council did not lead to a decision on further extraordinary measures to support Europe’s struggling economies, leading to Greek Prime Minister Kyriakos Mitsotakis taking to social media to express his reaction.
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Economy
Greece braces for recession, hopes to bounce back from summer onwards The extent of the damage that could be inflicted on the Greek economy as a result of the coronavirus impact is becoming clearer by the day, with the Finance Ministry and leading investment houses now expecting Greece to slip into a recession again this year.
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PoliticsGreek Politics
PM calls for unity as opposition reacts to decisions on health, labour Greece marked its Independence Day on Wednesday, with the focus on battling the coronavirus, which has now claimed 20 lives in the country.
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EconomyFeatures
E-commerce businesses report drop in sales due to Covid-19 The impact of the coronavirus, which has led to the shuttering of most retail stores, has also prompted a sharp drop in online sales according to a new survey.
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PoliticsGreek Politics
Efforts to boost health system continue amid questions about govt strategy As the number of coronavirus cases in Greece continues to rise, questions are starting to emerge over the ability of the health system to cope with a surge in the numbers requiring hospital treatment.
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EconomyFeatures
Tourism industry braces for outcome of gloomy Covid-19 scenarios As the impact from the coronavirus spreads across Europe, the consequences are already being felt across Greece’s vital tourism sector with fears growing that the summer season could be lost.
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EconomyBanking
Covid-19 presents new, significant challenge in banks' effort to reduce NPLs The Greek banking system entered the new year with positive momentum for tackling the stock of non-performing exposures (NPE) after the Hercules asset protection scheme (APS) was launched, but the four weeks since the outbreak of the virus in Greece have brought the economy to a standstill and raised concerns about a new generation of bad loans.