ENGLISH EDITION

ENGLISH EDITION

The bad scenario for banks scaring investors

Since the beginning of the year, the general index has fallen by 35 percent while the bank index has given up 65 percent. The situation with European and American banks is similar. Losses booked by domestic banks are almost double as the pan-European index of banks has declined by 35 percent while US bank shares have fallen by 28 percent.

22 Απρ 2020 14:27

ENGLISH EDITION

Greece looks to cash in on successful handling of pandemic, save tourism season

According to the Minister of Development, Adonis Georgiadis, Greece may not have a record tourism season this year but has the opportunity to gain a significant share of the market this year and next, from a smaller tourism market due to its good performance in managing the pandemic.

21 Απρ 2020 13:45

ENGLISH EDITION

Greece steadily improving its position in list with confirmed coronavirus cases

Greece with 113 deaths, is in the 46th place worldwide in the number of victims from the 39th it was last week. Greece records roughly 11 deaths per one million population, which ranks it 58th worldwide and 21st in EU. The global average is 21 deaths per million, so Greece is under the average rate.

20 Απρ 2020 17:25

ENGLISH EDITION

PM Mitsotakis: This year we are celebrating Easter at home

"Until then, let us not set at risk all those that made us an example throughout the world. We respect the experts and we comply by the rules" he said.

19 Απρ 2020 16:26

ENGLISH EDITION

Schools will open, but with conditions and precautions, Kikilias says

"The gradual lifting of the measures will be conditional so that we do not risk a second wave of coronavirus spread after all this trouble" said Health Minister Vassilis Kikilias.

18 Απρ 2020 15:47

ENGLISH EDITION

Mitsotakis: This Easter, we must all express the love for our fellow citizens in practice

The Prime Minister also published a greeting card with the message: "We will remember this Easter as the Easter of love. But also of responsibility. #MenoumeSpiti Happy Easter to you and your families."

18 Απρ 2020 13:19

ENGLISH EDITION

Quick restart needed to limit economic damage

This time Greece will not be the only "black sheep" of the EU, as almost all countries have opened funding lines to stem the tidal wave from the virus by breaking fiscal rules and stretching the flexibility of "escape clauses".

16 Απρ 2020 14:25

ENGLISH EDITION

Prodea pushes back 500 mln euro share capital hike amidst turmoil

The company estimates that the properties facing the risk of a drop in revenues are its retail stores and hotels, which account for some 15% of total income. On the positive side, the country appears able to return to more normal conditions by the end of May, which means that the negative impact will not be longer than two months, company officials added.

14 Απρ 2020 14:48

ENGLISH EDITION

While real estate investors brace for bad times, some go bargain hunting

As economists struggle to estimate the magnitude of the fallout from the coronavirus, two-thirds of real estate investors see it as having a moderate impact on the market, according to a sentiment index put together by Savills. In this survey, held in 24 countries, 29 percent of respondents said they see the crisis as having a severe negative impact on real estate.

13 Απρ 2020 12:54

ENGLISH EDITION

FinMin clarifies coronavirus-related assistance measures after public queries

Some of the clarifications include provisions for property rentals by businesses and tax suspension for owners, and directions on the codes entered when businesses apply for aid.

12 Απρ 2020 17:23

ENGLISH EDITION

Labor Min. Vroutsis: First payouts of aid to employees affected by pandemic will start this coming week

According to a memo by the Labor & Social Affairs Ministry, the payout will take place between April 15 and 17, while any corrections, revocations and additions to applications by employees may be made up to April 13.

12 Απρ 2020 14:45

ENGLISH EDITION

April pension payments to be spread out in order to prevent crowding at banks

The purpose, he said, was earlier pay dates and a spread-out so that pensioners do not crowd banks, he said, citing coronavirus-prevention measures.

11 Απρ 2020 17:06