Greek News
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...
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...
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...
Global Workforce Could Lose $3.4 Trillion in Income This Year (infographic)
While it’s still impossible to predict the economic fallout of the coronavirus pandemic and the measures currently taken to contain it, it’s becoming increasingly clear that the...
Banks limit personal transactions during coronavirus pandemic
Bank withdrawals up to 400 euros in cash on a daily basis must be done through an ATM machine and not through a teller, the Hellenic Bank...
Greek government: We will extend the support measures but carefully and cautiously
“During the cabinet meeting we will discuss the measures taken to address the coronavirus,” government spokesperson Stelios Petsas said on Tuesday in an interview with ANT1 TV....
Athens Stock Market rallies with a 7.8 rise
Equity prices at the Athens Stock Exchange (ASE) continued to rally on Tuesday after opening 5.90 percent up, standing at 7.81%, as they reached the at 543.35 points...
Turkish lira hits fresh 18-month low as virus infections surge
Turkey’s lira extended its lowest levels since September 2018 on Monday as confirmed infections from the coronavirus rose by nearly one-third in a day, weighing on market...
Greek FinMin presents third package of economic support measures
Greek Finance Minister Christos Staikouras on Friday presented the government’s third package of economic support measures, which were announced by Prime Minister Kyriakos Mitsotakis in a nationwide...
Athens Stock Exchange opening: Big rise
Equity prices were strongly rising on the Athens Stock Exchange (ASE) on Thursday. The basic share price index was up 6.07 percent, standing at 516.91 points at...
ECB announces 750 bln Euro pandemic emergency purchase program
“Extraordinary times require extraordinary action. There are no limits to our commitment to the Euro. We are determined to use the full potential of our tools,...