ENGLISH EDITION

ENGLISH EDITION

3 + 1 blows to Greek banks from the coronavirus

Bank officials estimate, and hope, that the rebound will be V-shaped, and that the sharp decline in GDP in the second quarter will be followed by a strong recovery as of the fourth quarter of 2020, restoring economies and markets to normal.

06 Απρ 2020 14:25

ENGLISH EDITION

FinMin Staikouras: 37 bln euros to support the economy; recession close to 4 pct

The minister announced that starting this week, the special purpose financial aid of 800 euros will be paid to businesses and workers affected by the coronavirus, while the 400-euro economic support will be given to scientists by April 15.

05 Απρ 2020 15:24

ENGLISH EDITION

Eurogroup to seek compromise on the EU package of measures to address coronavirus economic impact

The Eurogroup will seek a compromise though the increase in EU funding from existing institutions - the European Stability Mechanism (ESM), the European Commission and the European Investment Bank (EIB)

05 Απρ 2020 13:54

ENGLISH EDITION

Commission approves 2 bln euro guarantee measure to support companies affected by coronavirus outbreak

The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020.

04 Απρ 2020 16:28

ENGLISH EDITION

Petsas: Stricter measures will concern the inconsistent citizens

"The consistent citizens will not be affected at all," he added.

04 Απρ 2020 15:05

ENGLISH EDITION

Supply chain weakens; Road, air, sea transport problems grow

Sources warn that if the current economic conditions continue beyond April and governments do not quickly find solutions to restore trade flows, consequences will be widespread. Supermarkets are already seeing some shortages of imported goods, but they are limited. Industry officials say that supplies on basic goods are considered to be at satisfactory levels and that there is no reason for consumers to feel concerned about supply levels.

03 Απρ 2020 15:09

ENGLISH EDITION

As Asia gets back to work, port shipping traffic backs up

According to shipping analysts, the first ships began receiving the above container shipments in early March and now (three weeks after) are heading to ports for delivery. These are orders that were submitted before factories in China and other Asian countries were closed and are being carried out as production resumes. However, meanwhile, and specifically in the last 10 - 15 days, economic conditions have changed dramatically in Europe and the US, with consumer demand dropping dramatically and the majority of stores shutting down. This led to buyers of Asian factory products, retailers, canceling many orders.

02 Απρ 2020 14:34

ENGLISH EDITION

Coronavirus does the impossible: pushes Greek state online

The virus helped result in a rapid switch to the digital age by Greek the state and by several private business groups, many of which were laggards in using new technologies, despite announcements to the contrary.

01 Απρ 2020 13:46

bank_building

ENGLISH EDITION

Brussels talks aim at giving Greek banks breathing space

Bank officials say that the European Commission appears willing to discuss this issue constructively. Alpha Bank chief executive Vasilis Psaltis told analysts at a conference call on Friday while presenting 2019 earnings, that the DTC issue is important and being constantly monitored.

31 Μαρ 2020 12:58

ENGLISH EDITION

Piraeus Bank says net profits at 270 million euros in 2019

George Handjinicolaou, Chairman of the board of directors, commenting on the results said: “The coronavirus is proving to be an unprecedented health emergency for societies around the world, which is mutating into a significant economic shock to the economies".

30 Μαρ 2020 23:08

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