Tag: Greek economy

Greek economy set to shrink but due for recovery in 2021

Greek economy set to shrink but due for recovery in 2021

In its latest report submitted to Greek Parliament on Monday, the Bank of Greece estimates that the country’s economy is set to contract by 4.4% to 9.4% this year. According to its…

Greece tourism suffers estimated €10 billion in losses

Greece tourism suffers estimated €10 billion in losses

The pandemic has devastated global tourism. For Greece, it is estimated that the Greek tourism sector will loose €10 billion in 2020, according to Ernst & Young (EY). As the tourism sector is a key…

corona app

EU Calls for voluntary use of coronavirus tracing app

One of the latest announcements by the European Commission encourages travellers to use virus-tracing apps so that Covid-19 restrictions may be lifted earlier and travel can resume, raising privacy concerns in the…

athens airport

Greece’s proposal to the EU to restart tourism

Greece is calling on the European Commission to adapt its proposal for a pre-travel coronavirus test to be instituted across the EU in order to allow travel to begin once the lockdown…

Coronavirus hits Greece's economy the most in the EU 3

Coronavirus hits Greece’s economy the most in the EU

Greece’s economy this year is expected to be hit severely by the Covid-19 pandemic and the counter measures taken to limit its spread, according to the European Commission’s Spring 2020 Economic Forecast…

Yannis Stournaras

Recession looms as Greek economy set to shrink

The Governor of the Bank of Greece Yannis Stournaras, said on Tuesday that he expectes the country’s GDP to contract by 8.0% under the worst-case scenario. Stournaras made the comments during a…

Mitsotakis EU

Greek PM urges for an EU strategy for a return to normality

Greece’s Prime Minister Kyriakos Mitsotakis called for an EU strategy to restore the smooth running of markets, as well as a coherent framework for normalising transport and tourism, during his call to…

greece

Greece in Brief: March Report

Following the promising data in from 2019 in terms of growth in the economy across most industry sectors not to mention record foreign investment, Greece can expect a slump in growth when…

coronavirus

EU approves coronavirus state support for Greece

The European Commission has approved a €2 billion Greek aid scheme to help soften the economic impact of the coronavirus pandemic. The scheme was approved under the State aid Temporary Framework adopted by…

greek economy

Greece records primary surplus in virus stricken economy

Greece’s Finance Ministry announced a primary state budget surplus of 831 million euros in the first two months of the year, down from a budget target for a surplus of 929 million…