UBS analysts ran a series of calculations to predict the “cost” of a possible lockdown in nine European countries, including Greece, after the measure was introduced in Austria. Such a scenario could lead to stagnation or even contraction of the eurozone economy this quarter. There will be implications for the European Central Bank, according to […]
Tag: coronavirus crisis
The third vaccination reduces the risk of infection with covid by 95%
The third dose of the vaccine reduces the likelihood of contracting the coronavirus by 95%, said EKPA President Thanasis Dimopoulos, citing a study by Pfizer. Analyzing the data, Mr. Dimopoulos explained that it was carried out on 10 thousand people who received a second dose, and then were divided into groups – half received a […]
Stores: New opening hours during the holiday season due to the pandemic
In connection with the pandemic on the eve of the holidays, stores will change their working hours. They will be open from 10 am to 9 pm Monday (11/22). The decision was made, as announced by Sotiris Anagnostopoulos, Secretary General of Trade of the Ministry of Development and Investments, in order to avoid overcrowding in […]
Greece: New Covid-19 Cases Stay Above 3,000 For Four Day
The number of new cases of coronavirus infection fell to 3493 on Friday from 3605 on Thursday, 3475 on Wednesday and 4181 on Tuesday. Data from the National Public Health Organization (EODY) showed that the total number of reported cases since the start of the pandemic is now 531,967. Health authorities also announced 24 deaths, […]
Young people are victims of the pandemic
Greek youth will pay a high price for the unfolding pandemic, as the proportion of those who do not work, do not study and do not attend training courses has risen sharply. Although the country has yet to recover from a ten-year memorandum of 50% youth unemployment, the health crisis has left many young people […]
The scenario for August is disappointing
The scenarios for August and the coronavirus cases that experts are anticipating after the country’s spike in infection are nightmares. “In August, we may have 3,000 cases of coronavirus per day in the most favorable scenario, 4,000 cases in the most likely and even 6,000 in the worst-case scenario,” Pulmonology professor Nikos Tsanakis warned on […]
In April, consumption rose sharply
There are timid sprouts of optimism in the Treasury Department, as data for April and early May, following the lifting of restrictions on retail trade, opening of catering and freedom of travel, indicate a return to normalcy, which will pave the way for economic recovery from the pandemic crisis. The macroeconomic scenario for 2021 is […]
Greece’s budget deficit in January-April turned out to be larger than planned
The Greek government reported a larger-than-expected primary budget deficit of € 6.21 billion in the first four months of the year, due to lower tax revenues, finance ministry data showed on Monday. The government is targeting a primary budget deficit, which does not include debt service costs, of € 5.24 billion for the January-April period. […]
Coronavirus has crippled Greek wine exports
Greek wine exports in 2020 were significantly impacted by the global coronavirus pandemic, according to an analysis of ΕΛΣΤΑΤ data produced by the Central Cooperative Union of Wine Products (ΚΕΟΣΟΕ). The decline in the cost of wine decreased by 11.13%, last year it was 70 669 750 euros, compared with 79 517 240 euros in […]