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Covid
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PoliticsGreek Politics
ND tweaking stimulus measures as SYRIZA flounders in Novartis backwash The Greek government is continuing to search for ways in which it can provide financial support to local businesses, mitigating the economic impact of the coronavirus pandemic.
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EconomyMacroeconomy
Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit The budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday.
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PoliticsGreek Politics
Tourism sector struggles as it prepares for full reopening in July Greek resort areas prepare to welcome the first tourists of the season, with regional airports due to reopen to international flights on July 1.
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PoliticsGreek Politics
ND braces for deeper economic impact from Covid-19, mulls more assistance With New Democracy and SYRIZA locked in an intense verbal battle over alleged scandals, the impact of the coronavirus on the Greek economy has moved down the political agenda for now.
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Society
Majority of Greeks report financial hardship due to Covid-19 A special white paper by Intrum examining the impact of the coronavirus pandemic on households has found that Greeks are coming under increasing financial pressure as a result of the lockdown.
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EconomyMacroeconomy
Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May The budget primary balance recorded a deficit of 4.80 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for May showed on Monday.
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PoliticsGreek Politics
PM declares tourism season open, rules out new lockdown Greece is gradually reopening to the world from Monday, aiming to attract as many tourists as possible while preventing any major coronavirus outbreak in the country.
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PoliticsGreek Politics
Amid crowding concerns, officials reject idea of return to full lockdown Senior government figures are insisting there will be no return to a full lockdown as concerns over lax observance of hygiene measures intensify. Meanwhile, the government is being accused of lack of transparency over the use of funds for public health campaigns in the emergency pandemic package.
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EconomyMacroeconomy
OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns The latest OECD economic outlook for June 2020 takes stock of Greece’s position in light of the coronavirus pandemic and presents a number of scenarios.
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PoliticsGreek Politics
Rise in new Covid-19 cases raises alarm on eve of reopening to tourism A fresh spate of confirmed cases of Covid-19 in Greece has been causing jitters as the country prepares to reopen its borders with the hope of attracting foreign visitors for the tourist season.