BUSINESS coke_hbc

Firms dread new Covid wave

DIMITRIS DELEVENGOS

Looking at the first-half results published by listed companies last week, it is easy to understand why they are having nightmares about a second wave of the coronavirus pandemic.

BUSINESS Stocks stocks--5

Erdogan spooks ATHEX; loss at 2.42%

Turnover on the Athens Stock Exchange may have risen Monday – to 41.8 million after the auctions – but only because investors gave sell orders, mainly on banks and other blue chips.

 

BUSINESS Shipping ferries_docked_web

Storm batters ferry market

ILIAS BELLOS

The coronavirus storm has generated a wave of changes in the coastal shipping industry, with the halving of passenger traffic as well as the possible shift of share packages or the entry of new players into the market, according to XRTC Business Consultants, which has covered the sector’s companies for two decades.

BUSINESS Economy elstat960-thumb-large-thumb-large--2

Increase in value of Greek exports in June

Greece’s exports recorded a rise of 2.05 billion euros or 6.5% in June compared to a year earlier, according to provisional data released by the Hellenic Statistical Authority (ELSTAT) excluding fuel products. 

BUSINESS Markets bonds_generic_web

Greek bond yields have reverted to below 1%

ELEFTHERIA KOURTALI

The return of the Greek benchmark 10-year bond yield to below 1 percentage point for the first time in six months, very close to the pre-pandemic all-time low, without doubt constitutes a vote of confidence in Greece from investors and a significant indication about the mid-term prospects of its economy.

BUSINESS Tourism masked_tourists_1_web

Tourism wants funding share

ILIAS BELLOS

Despite talk of Greece’s overdependence on tourism, the sector will seek its share from the Next Generation EU recovery fund and the 32 billion euros Greece stands to receive in grants and loans.

BUSINESS Finance finance_ministry_acropolis_web

Salary workers to get a boost

PROKOPIS HATZINIKOLAOU

The Greek economic recovery plan to be forwarded to the European Commission in October will attribute great significance to supporting workers through the reduction of taxes and social security contributions that have hampered the real economy and fed the illegal economy, sources from the prime minister’s office say.

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IN IMAGES

At the headquarters of the anti-Covid task force

civil-protection-hq

Kathimerini visited the new, state-of-the-art headquarters of the Civil Protection authority in the formerly abandoned Press Center of the 2004 Olympic Games on Kifissias Avenue in northern Athens. Here the coronavirus pandemic is monitored daily in great detail via a vast array of facilities including giant screens and an operations room by the intrepid members of the anti-Covid task force who process and evaluate all data, both domestic and international. The government’s plans to upgrade Civil Protection capabilities envisage the creation of 13 smaller operations centers, one in each administrative district. [Nikos Kokkalias]