ENGLISH EDITION

ENGLISH EDITION

Confirmed coronavirus cases in Greece reach 1,212 on Monday: 56 new cases, 5 fatalities in last 24 hrs

Tsiodras announced 56 new confirmed cases of Covid-19 in Greece in the last 24 hours and 5 new deaths, and said this brings the country’s total to 1,212 confirmed infections and 43 deaths.

30 Μαρ 2020 20:41

prinos

ENGLISH EDITION

Turbulent times raise shutdown risk for Greece's only oil field

Greece's Prinos, the country's only operating oil field, is facing the risk of shutting down hit by record low prices brought on by the Russia-Saudi Arabia price war and plunging demand in the wake of the coronavirus outbreak. Operating since 1981, the offshore oil field is located 18 kilometers off the northern town of Kavala. Company officials say that it is an old oil field that needs lots of new capital amidst falling production levels.

30 Μαρ 2020 13:08

ENGLISH EDITION

Greece ranked 40th in the list of countries with confirmed coronavirus cases

Greece has approximately 102 confirmed cases per one million population, double in comparison with last week, a rate that places Greece very low, in the 66th place against the 55th last Sunday 22 March and only 22nd among the EU countries. The global average of cases is approximately 85 per one million population.

29 Μαρ 2020 20:22

ENGLISH EDITION

Petsas: We are examining the extension of first residence protection after April 30

He said that Europe got out of all the major crises stronger and referred to the need for closer cooperation and also the issue of a eurobond. On the repatriation of Greeks, he said that the government wants to keep the coronavirus away from Greece. Only those suffering from a serious health problem certified by a doctor will return to Greece.

28 Μαρ 2020 17:56

ENGLISH EDITION

Unprecedented moves shield banks from pandemic

The European Central Bank has fully shielded the banking system in terms of liquidity, bad loans, and capital adequacy, while the European Commission has suspended several regulations to prevent any additional state aid measures from having an impact on shareholders, bondholders, and depositors. Greek bank shares, despite yesterday's gains of 17.84 percent, may have plummeted 60 percent since the beginning of the year, but the current crisis for Greek lenders is very different from what we have experienced in recent years.

27 Μαρ 2020 14:23

ENGLISH EDITION

Digital dangers lurk as remote working increases

Greece's Digital Governance Ministry and the General Secretariat of Telecommunications and Post stated in relevant guidelines that 'there has recently been an increase in activity in emails with alleged material about Covid-19 coronaviruses that contain malware. Users are urged to pay close attention to any message that refers to Covid-19 in its title or content."Sources say that in recent days violations have been reported by companies where hackers attempted to pry open holes in systems, exploiting security gaps created by remote work.

26 Μαρ 2020 12:09

ENGLISH EDITION

Terror for the dead should not stop the living

The lockdown does not solve the problem: the country, the government is simply saving time to curb the epidemic and to best handle a difficult situation. Additionally, the lockdown does not protect the vulnerable, a lot of work still needs to be done to support these groups, who continue to move about and put their lives at risk.

25 Μαρ 2020 12:12

Oikonomia-Anaptyxi

ENGLISH EDITION

Lockdown: Massive liquidity boost needed to ease economic shock

Today's lockdown, the culmination of measures to curb the epidemic, will further reduce whatever financial transactions were still taking place. It is doubtful whether the magnitude of the disruption to the economy has been understood, and whether the impact can be quantified.

23 Μαρ 2020 13:33

ENGLISH EDITION

Focus turns to keeping drivers on the road, supply chains open

Transport Ministry officials said on Thursday that the government is making every effort to keep logistics providers and storage companies running and operating, along with their vehicles.The ministry has issued instructions to companies in the industry saying that "it is our patriotic duty to keep the supply chain open at all costs."

20 Μαρ 2020 15:35

ENGLISH EDITION

A walk through deserted, coronavirus-hit Athens (pics)

These are unprecedented scenes in central Athens: almost all stores all closed, few people on the streets (most wearing masks and gloves), car traffic is severely limited, normally full parking spaces are vacant and the otherwise busy cafes have been boarded up.

19 Μαρ 2020 14:06

ENGLISH EDITION

Greek shippers win from Russia-Saudi Arabia oil price war

According to brokers, chartering a tanker from the Middle East to China costs $243,347 per day, an increase of 700 percent from just over a week ago. By taking a look at moves that Greek shipowners have made lately, one gets the general feeling is that fares will remain high in coming weeks.

18 Μαρ 2020 13:50

ENGLISH EDITION

Hercules bad loan plan gets nod from SSM in major boost for banks

Bank of Greece governor, Yannis Stournaras, met with the heads of the country's lenders on Monday and briefed them on the positive outcome of talks on the issue. This is seen a being a major development for the sector as it opens the path for the sale of large-sized securitizations of bad loans within the framework of the Hercules plan that will offer state guarantees on senior tranches, once conditions in the market return to normal.

17 Μαρ 2020 13:02