BUSINESS Economy manufacturing_sidenor_web

Greece set for ‘goldilocks status’

The Greek economy is poised to stage an “explosive recovery” in the second half of the year, with growth at 7% and 5% in the second and third quarter respectively on a quarterly basis, leading up to an annual growth rate of 9.5% in 2022, according to a Piraeus Bank report.

BUSINESS Economy oaed_warms_eye_web

Jobless rate stays at 16.7% in October

Greece’s unemployment rate stayed put at 16.7% in October 2020, according to the Hellenic Statistical Authority (ELSTAT), while employment posted a 0.3% annual increase, the figures it issued on Friday showed.

BUSINESS Finance staikouras_macedonia_uni_web

Companies flock for state loans

PROKOPIS HATZINIKOLAOU

The fifth phase of the cheap state loans program has seen an unprecedented number of applications, illustrating the extent to which companies have suffered due to the health crisis as well as the favorable prospects for businesses that will only have to pay back 50% of the credit issued to them.

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IN IMAGES

First signs of Leandros appear

snow-weather

A woman walks along a snow-covered street in Chortiatis, near Thessaloniki, northern Greece, on Friday. The Leandros cold front arrived on Friday, bringing heavy snowfall mainly to the northern regions of the country and a significant drop in temperatures nationwide. The frosty weather will continue Saturday, with the snow expected to continue unabated, even in Attica. According to the Athens Observatory’s network of meteorological stations, the lowest temperatures recorded during the daytime on Friday were in Vlasti, Kozani (-8.3C), Vounasa, Grevena (-7.2C), Kleisoura, Kastoria (-7C) and Metsovo (-6.2C). [Yiannis Papanikos/Intime News]