Economy

Greek banks will face a burden of new non-performing loans of 8-10 billion euros from the pandemic crisis, relatively greater compared with the burden facing other European credit institutions, Bank of Greece Governor Yannis Stournaras said. Addressing the 8th Banking

Finance Minister Christos Staikouras did not rule out another extension to the suspension of outstanding debt payments beyond April, in statements to Thema FM radio station, if the economy has not recovered. Speaking of the active regulations and their deadline

Greek industrial production recorded the second largest percentage increase among EU member-states in November 2020, Eurostat said in a report on Wednesday. The EU executive’s statistics agency said industrial production in Greece grew 6.3 pct in November from October and

A 70 pct of consumers spend more than 80 pct of their available income on a monthly basis, while a 9.0 pct spend more than 100 pct – practically borrowing somehow to cover its needs, a survey by the Association

The personal pick up of e-orders retailers (“click-away”) helped certain sectors recover from losses of the year due to the coronavirus restrictions, leading trade chamber representative Vassilis Korkidis said on Friday. Korkidis is president of the Piraeus Chamber of Commerce

The monthly net flow of new credit to households and enterprises was only 230 million euros in November, down from 247 million in October, with the monthly net flow to enterprises positive by 417 million euros and to individuals negative

Shops and businesses that will remain closed until January 11 will not have to pay rent for the month of January, the Ministry of Finance announced on Saturday. The ministry decision came after Saturday’s announcement of returning to the restrictive

Commercial property prices were up in the fourth quarter of 2020 compared with the same period in 2019, according to a report by the property ads website Spitogatos on Tuesday. More specifically, leasing prices for offices in Athens, Piraeus, Thessaloniki,

Some 1,985,000 workers in the private sector will see salary increases early in 2021, as a result of reduced social insurance contributions taking effect on January 1, Labor Minister Giannis Vroutsis told Alpha Radio on Monday. Moreover, several positive changes

Greek Finance ministry has launched procedures for the early repayment of a chunk worth 3.6 billion euros of a loan received by the International Monetary Fund. The specific repayment will cover loans ending in 2021 and 2022, Finance Minister Christos