ENGLISH EDITION

ENGLISH EDITION

Job numbers deteriorate sharply in Greece in crucial phase

Without the consent of employees, employers will be able to reduce the days worked by staff members per week by up to 50 percent. The government will partially cover losses for employees, paying for 60 percent of gross income that has been lost, along with the respective social security contributions.

15 Ιουν 2020 15:09

ENGLISH EDITION

Museums nationwide reopen on Monday

The Public National Health Organization (EODY) and the Ministry of Culture & Sports have collaborated extensively to ensure that a 2 meters indoors - 1.5 meters outdoors - distance among all visitors is observed at all times, alongside the mandatory use of protective face masks and an eight-people group tour maximum.

14 Ιουν 2020 16:32

ENGLISH EDITION

Battle erupts over Cosco shipyard

The case for the creation of a shipyard by Cosco in Piraeus is not a simple one despite the Council of State's positive decision. According to market participants, the first obstacle is that a decision is needed from regional authorities who cannot allow this activity, as it is classified as high nuisance and this is not permitted in the Attica region.

12 Ιουν 2020 16:16

ENGLISH EDITION

After long delays, five large tourism investments get going

After the upcoming start of preliminary construction work at Hellinikon, where the demolition of existing buildings will begin, a series of projects are taking place throughout the country, which had delayed for years and now, one after the other, will begin construction work, or have their licensing process completed.

11 Ιουν 2020 14:12

ENGLISH EDITION

Explosive growth in trading activity of Greek bank shares

Analysts say that selling pressure prompted over concerns for the pandemic and the subsequent restructuring of MSCI's indicators have been absorbed by domestic retail investors and many foreign portfolios, with a limited investment horizon, who rushed to take advantage of the low prices.

10 Ιουν 2020 13:33

ENGLISH EDITION

Greece raises 3.0 billion euros with new 10-year bond loan issue; Staikouras: "A sign of market confidence"

Staikouras added that this "proved the markets recognize the effectiveness of the government's cohesive plan and its reliability over the management of the health crisis and its economic repercussions."

09 Ιουν 2020 22:11

ENGLISH EDITION

Greece's NPL market recovers from pandemic shock 

Bank officials point out to Business Daily that market conditions have changed dramatically in the last few months. In recent weeks, optimism has returned, and the restarting of the economy, the so-called reopening optimism, has led to a rapid return to normalcy with investors focusing on upcoming improvements in bank figures rather than the severe problems caused by the pandemic.

09 Ιουν 2020 11:24

ENGLISH EDITION

Taxi fares to and from airports of Athens, Thessaloniki and Kavala go down

In Attica, taxi rides from or to the Athens International Airport (AIA) will now cost 35 euros (down from 38) in the hours between 05:00 and 00:00 and 49 euros (down from 54) in the hours between 00:00 and 05:00.

07 Ιουν 2020 22:22

ENGLISH EDITION

Battle in four areas will determine depth of recession in 2020

Although the Finance Ministry believes that GDP data in the first quarter (-1.6% and -0.9% on an annual basis) was not "catastrophic, nor extreme", concerns remain about the economy's productive base and consumption.s pointed out by officials, the keys to development are tourism, construction, investment, and the scope for the government to intervene in order to stem the crisis.

05 Ιουν 2020 15:37

ENGLISH EDITION

Price war erupts in Greek telecoms market, Vodafone fires first bullet

Yesterday, almost at the same time that Greece's digital governance minister Kyriakos Pierrakakis sided with the companies in terms of their costs, Vodafone Greece announced six new packages of unlimited data, with a monthly cost of 55 to 78 euros. The new products are aimed at households and businesses and come with unlimited calls in Greece and unlimited SMS.

04 Ιουν 2020 14:47

ENGLISH EDITION

Demolition work at Hellinikon project to start mid-June 

Sources indicate that a contract between Lamda Development, which is in charge of the multi-billion euro development, is expected to sign an agreement in coming days with Intrakat, which will undertake the first demolitions.

03 Ιουν 2020 14:17

ENGLISH EDITION

Tender launched in Greece for adviser on bad bank

According to sources, the BoG is looking at the DTC issue at a new level in order to find an overall solution to the banking problem. Particular emphasis will be placed on separating non-performing loans incurred before the pandemic and those that arose after the pandemic, taking into account the rules on state aid.

02 Ιουν 2020 14:55