Greek News
Greece has lowest rental and housing price rises, Eurostat data shows
As prices for house sales and rental costs across the European Union have been on the rise for the period 2007-2019, Greece holds the record for the...
EuroGroup reaches no deal on Covid-19 bond
After 16 hours of talks at the EuroGroup via teleconference the Finance Ministers of the Eurozone were unable to to reach an agreement on the measures to...
ECB eases collateral rules, accepts junk-rated Greek debt
The European Central Bank said it would accept junk-rated Greek government bonds as collateral as part of wide-ranging measures to ease lenders’ access to liquidity. The Frankfurt-based...
COVID-19: 4 of 5 workers are affected by worldwide UN Agency says
The COVID-19 pandemic is taking a terrible toll on the world’s economy, with full or partial lockdown measures now affecting the livelihood of almost 2.7 billion people...
Greece did something right in dealing with coronavirus spread, writes Bloomberg
A Bloomberg article makes reference to Greece’s successful curtailment of the spread of coronavirus in a report focusing on the timing of nationwide responses for the Covid-19...
Athens Stock Exchange rallies at opening with 5.6% rise
The Athens Stock Exchange rallied in its opening Monday session, recording profits in excess of 5.6% while European markets recorded profits of 2-3%. The General Index is...
Initial Jobless Claims Are (Quite Literally) Off the Charts (infographic)
New U.S. labor market data released revealed another massive increase in initial jobless claims for the week ended March 28. Tow weeks ago, the U.S. Department of...
Greek Finance Minister: 37 bln Euros available to support the economy, recession will be up to 4%
The Greek government has a total of 37 billion euros available to support the economy, in addition to European measures, to deal with the recession caused by...
Turkey offers fresh money to companies, seeks donations for the poor amid coronavirus crisis
In a move that has stunned millions expecting government support against the COVID-19 crisis, Ankara has launched a campaign to collect donations from the public, lacking the...
Bloomberg: “World’s Virus Crisis Fighters Can Learn From Greek Tales of Woe”
The countries finding themselves in the coronavirus whirlwind can learn a few things from Greece’s economic upheaval of the past decade, reporters Nikos Chrysoloras and Sotiris Nikas write for Bloomberg...
Private hospitals and hotels to receive €40m in compensation in coronavirus crisis
Private hospitals and hotels that seized by the Greek state for the purpose of serving the public interest in the wake of the coronavirus pandemic will be...
Coronavirus could lead to breakup of Eurozone, EuroGroup head Centeno warns
The Finance Minister of Portugal and EuroGroup President Mario Centeno warned the 19 Eurozone Finance Ministers in letter that the impact of the coronavirus pandemic could result...
The country’s construction sites remain operational during the coronavirus crisis
The majority of the infrastructure world welcomed the first steps taken by the government and the Ministry of Infrastructure and Transport through the recent Legislative Act to...
Banks to raise limit for contactless card payments until May 31
The Hellenic Banking Association on Monday announced that it is doubling the maximum limit for contactless card payments without a PIN to 50 euros per transaction, from...
The coronavirus financial measures announced
The measures to mitigate the effects on the Greek economy from the coronavirus are being made by the Ministers of Finance, Labour and Development Christos Staikouras, Ioannis...
Greek government plans to inject a total of 10bn euros into economy amid coronavirus pandemic
The Greek government plans to mitigate the devastating effects of the coronavirus pandemic on the Greek economy by injecting huge sums of cash into the market in...
Coronavirus closure of stores extended to April 11
The measures for the lockdown of the stores in Greece due to the coronavirus pandemic will be extended until April 11, after a joint Ministerial decision. The...
Turkey’s economy most vulnerable in G20 to COVID-19, Moody’s says
Credit rating agency Moody’s has updated its forecast for Turkey’s financial year to take the coronavirus pandemic into account, revising its estimated 3 percent economic growth to...
Greek stocks end strongly higher
Greek stocks ended strongly higher, extending their gains for the second consecutive session amid a positive climate prevailing in state bond markets. Traders said the market...
Gastrade S.A.: The binding phase of the market test for the Alexandroupolis Terminal was concluded successfully
The Binding Phase of the Market Test for the Alexandroupolis offshore LNG Terminal was concluded successfully The binding phase of the market test for reservation of capacity...