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Saturday, 25 April 2020

Covid-19 outbreak: 16 new infections in Greece, no related fatalities reported on Sat.

Sixteen new confirmed coronavirus infections were reported in Greece on Saturday, but no related fatalities. The total number of infections, on the lower end of European countries, was 2,506 infections…

Friday, 24 April 2020

Covid-19 outbreak: 27 new confirmed cases on Friday; death toll at 130

Twenty-seven new confirmed coronavirus infections were reported in Greece on Friday, compared to Thursday, bringing the total to 2,490, while five more deaths were reported. The death toll in the…

Greece’s cash reserves at 36.6 bln€ at end of March, FinMin

The relevant finance minister on Friday said Greece’s cash reserves totaled 36.6 billion euros at the end of March, in answer to a tabled question by an opposition MP. In…

Fitch alters Greece forecast to ‘stable’ from ‘positive’, in mild revision amid coronavirus pandemic

Fitch on Friday kicked off a more-or-less expected round “revisions” of Greece’s credit-worthiness by international ratings agency, although the former’s report merely downgraded the country’s outlook from positive to stable…

Urgent testing, prosecutorial probe into mass Covid-19 infections at Athens-area private health facilities

The government and state public health services went into “overdrive” on Friday after three residents at a long-term care center in west Athens died as a result of Covid-19, while…

Europe must do too many and too fast to defeat the coronavirus crisis

Statement by the PCCI President Vassilis Korkidis on the EU Summit In order to overcome the unprecedented challenges posed by the pandemic, the European Union must prove that it can…

Thursday, 23 April 2020

Super markets sales surge in Greece since beginning of coronavirus pandemic

Super markets in Greece saw their turnover jump by 30.7 percent since the coronavirus epidemic began, between Feb. 24 and up until April 12, with total turnover during the specific…

Covid-19 outbreak: 55 new infections in Greece bring total confirmed cases to 2,463; death toll at 125

Another 55 confirmed coronavirus infections were reported on Thursday, compared to the previous day, bringing the total in Greece to 2,463, of which 574 are related to travel and another…

Greek govt extends temporary coronavirus restrictions to May 4

The Greek government spokesman on Thursday announced that restrictions now in place to prevent exposure to the Covid-19 virus will be extended to May 4, with the prime minister again…

Wednesday, 22 April 2020

Gov’t axes plan to funnel bonus for self-employed professionals via vocational institutes; direct allocation instead

The Greek government on Wednesday hastily suspended a subsidy program linked with online continuous education and retraining for self-employed professionals, such as engineers and even physicians, announcing that a 600-euro…

Covid-19 outbreak: No fatalities, only 7 new confirmed infections reported throughout Greece on Wed.

Wednesday loomed as a minor landmark date in Greece’s Covid-19 curve, with only seven new confirmed infections reported over the past 24 hours and with no new related fatalities. The…

The unthinkable: “pure” monetization now is the only way out

By Dimitrios A. Ioannou and Christos A. Ioannou The way in which European authorities are trying to deal with the economic impact of Covid 19 on the Eurozone will not…

Tuesday, 21 April 2020

Greek competition watchdog approves Creta Farm’s acquisition by Bella Bulgaria subsidiary

Greece’s competition committee has approved the partial acquisition of troubled luncheon meats producer Creta Farms by the Bella Bulgaria’s Greek subsidiary, Impala Hellas. The approval was announced on Tuesday. The…

BoG Gov: Recession in Greece at no more 5% in 2020, rejects more ‘extreme scenarios’

Greece’s central banker offered a significantly milder forecast for a now unavoidable recession in the country for 2020, saying the Greek economy will not shrink by more than 4 percent…

Covid-19 outbreak: 2,401 confirmed infections, 121 deaths in Greece as of Tues.

A total of 2,401 confirmed instances of coronavirus infections were reported in Greece as of Tuesday, including 150 positive results among a group of asylum seekers from Sub-Saharan Africa being…

Covid-19 outbreak: Reports claim dozens of infections detected at SE Greece hotel hosting 3rd country asylum seekers

Greek authorities, including the relevant civil protection deputy minister, were urgently dispatched to a hotel used as a migrant shelter in southeastern Greece, near the town of Kranidi, after reports…

Latest QCM report takes scathing aim at Akazoo music live-stream provider

The latest Greece-based listed multinational to come into the “sights” of asset management firm Quintessential Capital Management (QCM) is music live-stream provider Akazoo S.A., with the latter alleging overinflated numbers…

DBRS cites positive development of debt servicers’ entry into Greek market, projected reduction in NPLs

A report by DBRS this week points to a positive development in the entry of debt servicers into Greece’s banking and credit sector, with the prospect of a reduction in…

Monday, 20 April 2020

Covid-19 outbreak: 116 fatalies in Greece out of 2,235 confirmed cases of infection

The death toll in Greece from the coronavirus pandemic reached 116, as of Monday, a day after Orthodox Easter Sunday, with confirmed infections at 2,235, up only by 10 over…

Covid-19 outbreak: Greece apparently faring better than global, EU averages in terms of fatalities, infections

Greece’s ranking in the macabre global standings of coronavirus-related deaths appears to be improving, both in absolute terms as well as in the number of fatalities per million of residents.…

Sunday, 19 April 2020

Hellenic coast guard releases video it says shows Turkish patrol boat accompanying irregular migrants towards Greek waters

The Greek coast guard on Saturday released video footage showing what it called an attempt by two Turkish patrol boats attempting to shepherd an inflatable craft loaded with would-be migrants…

Covid-19 outbreak: 113 deaths in Greece; lockdown strictly enforced amid Orthodox Easter weekend

The number of Covid-19-related deaths in Greece reached 113 over the weekend, which was Holy Saturday and Easter Sunday in the east Mediterranean country, while the number of confirmed infections…

Friday, 17 April 2020

Greek govt says any relaxation of Covid-19 restrictions will be gradual, not automatic

An extension of the current strict restrictions on public movement and assembly in Greece are in place at least until 27 – a period covering both the ongoing Orthodox Easter…

Thursday, 16 April 2020

Bridge Tank: Greece rates first in flattening Covid-19 curve in Europe

Greece is given an enviable first-place showing, among European countries, in terms of flattening the coronavirus epidemic curve, according to a report compiled and published by the Bridge Tank organization.…

Greek govt stiffens coronavirus restrictions ahead of Orthodox Easter Sunday, annually the peak of springtime exodus from cities

The Greek government on Thursday announced even stricter restrictions and heftier fines for violations on coronavirus restrictions against non-essential movement and public assemblies, amid Easter Week in the predominately Orthodox…

Covid-19 outbreak: Fatalities in Greece at 105; 2,207 confirmed cases in population of roughly 11 mln

The number of confirmed coronavirus cases in Greece reached 2,207 on Thursday, which is Holy Thursday of Easter Week in the country, with the number of related deaths at 105.…

Wednesday, 15 April 2020

Athens pleased with latest foray into markets; 7-yr bond closes at 2.05%

The Greek government appeared satisfied with its foray into the markets on Wednesday with a seven-year bond, all amid a tenuous global situation with the coronavirus pandemic. According to Greek…

Greek Power Transmission Operator unveils 10-year, 4.3bln€ plan to connect all islands with mainland grid

Greece’s Independent Power Transmission Operator (ADMIE) this week unveiled an outlay of 4.3 billion euros over the 2021-30 period to connect all of the country’s numerous islands with the mainland…

Covid-19 outbreak: Only marginal increase in confirmed infections, fatalities in Greece

Confirmed coronavirus infections and related deaths increased only marginally in Greece on Wednesday from the previous day, increasing optimism in the east Mediterranean country that the pandemic is being contained…

Tuesday, 14 April 2020

Athens signals intent raise capital this week with 7-year bond issue

Athens this week signaled that it will foray into the markets to raise capital from a seven-year bond, deemed as an effort exploit still favorable yields and to avoid dipping…