Greek News
Greek hotels fear bankruptcy, survey shows
“Tourism is right now at point zero. Hotels are sending out an SOS. It will take a total restart to win the future and to continue their...
Turkey held talks with US on possible Fed swap line
Turkey has held talks with the United States about possibly securing a swap line from the U.S. Federal Reserve and has discussed other funding options to mitigate...
Exxon Mobil suspends drilling activities in the Cypriot EEZ
The US oil company Exxon Mobil is suspending its drilling activities in the Cypriot EEZ at least until September 2021. According to Ant1 correspondent in New York,...
IMF: “Sharply negative” global growth expected for 2020, “partial recovery” likely for 2021
Global economic growth will turn “sharply negative” this year, with a “partial recovery” for 2021 only if the COVID-19 pandemic recedes in the second half 2020, the...
Wimbledon set to get a $141-million-payout due to Covid-19 lockdown
The All England Lawn Tennis Association, which organises the Wimbledon tennis tournament, looks set to get a $141- million-payout, almost half of its losses from cancelling the...
EU ministers seal deal on half a trillion euro coronavirus rescue plan
European Union finance ministers agreed on Thursday on half-a-trillion euros worth of support for their coronavirus-battered economies after weeks of wrangling that exposed painful divisions in the...
Ministry of Health bill passes first reading on ruling party votes, opposition calls it inadequate
A draft bill of the Ministry of Health on managing the coronavirus pandemic, supporting society and businesses and guaranteeing the normal operation of the market and public...
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...