Economy of Greece

The day after the pandemic and the dynamic rebound that will follow, but also the new productive model that the country needs which should combine innovation, production, services and skills, were mentioned by Evangelos Mytilineos in an interview with Kathimerini.

The European Central Bank may be one of the strongest allies of Greece in this crisis, but the anticipated conclusion of the PEPP program is not expected to put Greek bonds at risk, as until then the sustainability of the country's public finances will have improved further, Fitch Ratings analysts told Kathimerini.

The Greek bourse benchmark edged up again on Friday after a mixed session with reduced activity, as bank stocks continued their ascent.

Despite the negative economic environment and the direct impact of the pandemic on investment decision-making, Greece attracted significant investment interest in 2020, pointing to the strength of the Greek economy and the opportunities it offers, Enterprise Greece said in a report released on Thursday.

The Greek economy shrank a massive 10 percent in 2020, the European Commission estimates in its winter economic forecasts report published Thursday.

The Greek economy shrank a massive 10 percent in 2020, the European Commission said in its winter economic forecasts report published Thursday.

The Commission even forecasts that this lost ground will not be covered in 2021.

According to the report, Greece will achieve a 3.5 percent rebound in 2021 but predicts that growth will accelerate to 5 percent in 2022.

The prospect of a new Attica lockdown sent the Greek bourse tumbling on Tuesday, with severe losses for banks and the majority of other stocks also heading south, erasing the gains of previous days. All but two blue chips headed lower, but the decline is seen as temporary and not structural.

The Greek bourse only held on to a fraction of its early gains on Friday, but that was enough to break its three-week losing streak and ensure this week came to a positive conclusion.

The Greek stock market's lowest trading volume of the last 13 sessions saw the benchmark suffer moderate losses on Thursday after three days of gains, as traders again appear reluctant to commit themselves to purchases until the picture regarding the coronavirus tempest clears.

The Greek stock market remained on a northbound course for the third session in a row on Wednesday, even if that was on rather thin turnover. This time it was bank stocks that pulled the cart out of market stagnation, although mid-caps headed lower.

The Athens Exchange (ATHEX) general index ended at 764.33 points, adding 0.49% to Tuesday's 760.59 points.