ECONOMY

property-unfazed-by-covid-19
REAL ESTATE

Residential property prices remained on a growth path over the first quarter of the year, as the housing market appears to be emerging from the pandemic largely unscathed.



[Shutterstock]
ECONOMY

Switzerland has removed Greece from its list of high-Covid-risk countries, as the so-called “red list” published on Wednesday does not include this country anymore.

[Intime News]
ECONOMY

Digital Governance Minister Kyriakos Pierrakakis presented a new digital platform named “Know Your Customer” to Prime Minister Kyriakos Mitsotakis on Thursday which allows citizens to complete transactions and requests online instead of in person at banks.


pharmacies-prospering-on-the-web
BUSINESS

Online pharmacy turnover jumped 38.3% in the first quarter of the year compared to January-March 2020, according to figures from Convert Group, showing that this is a market segment that retains its momentum and still has great scope for growth.

athex-piraeus-drop-drags-main-index-down
STOCKS

On the day that 1.2 billion new Piraeus Bank shares started trading on the Greek stock market, following the local lender’s reverse split, the drop that ensued was the main factor in the benchmark’s slump below the 900-point mark.



[Reuters]
ECONOMY

Interim sales started in stores on May 5 and will last until May 15, with store owners hoping to boost business a few days after the sector reopened following months of lockdown.

sitecore-buys-out-local-startup-moosend
BUSINESS

Denmark-founded Sitecore, which has a strong presence in the US too, has acquired Giannis Psarras and Panagiotis Melissaropoulos’ Greek technology startup Moosend, which since 2012 has been active in email marketing and marketing automation.


deposits-soared-in-lockdowns
BANKING

Household and corporate deposits jumped 19.6 billion euros during the pandemic, showing that the freeze on consumption combined with the state support measures served as a safety cushion for liquidity in the private sector.

spending-on-pensions-is-set-to-decline
FINANCE

Pension expenditure in Greece came to 18% of the country’s gross domestic product in 2020 due to the effects of the pandemic on the Greek economy and the successive court verdicts that canceled laws from the bailout period, leading to retroactive payments to hundreds of thousands of pensioners.

[REUTERS/Murad Sezer]
ECONOMY

Turkey’s central bank held its key interest rate steady at 19% as expected on Thursday and repeated a pledge to keep it above inflation.


labor-bill-s-bones-of-contention
ECONOMY

There are seven points in the labor bill to be publicized in the next few days that have been at the focus of party and union opposition, with flexible eight-hour shifts and the arrangement of working hours being the main bones of contention.

photovoltaic-systems-to-power-mount-athos
ENERGY

Central Macedonia Governor Apostolos Tzitzikostas signed on Thursday the final approval for the installation of photovoltaic systems at monasteries on Mount Athos, as the preparatory work has been completed.

green-investments-growth-opportunities-for-the-greek-economy
SUSTAINABLE DEVELOPMENT

Greece’s comprehensive Green Deal is one of the most ambitious worldwide, as outlined by Environment and Energy Minister Kostas Skrekas at the recent Leaders Summit on Climate Change, and will be one of the themes of this summer’s 4th InvestGR Forum.


athex-turnover-grows-on-mixed-day
STOCKS

A number of blue chips suffer significant losses on the Greek bourse on Thursday while others notched up major gains, with the banks index climbing almost 3%, on increased turnover to boot.

heracles-boosts-its-presence-and-capacity-in-building-materials
BUSINESS

The Heracles Group announced on Wednesday the signing of an agreement with Halyps Building Materials for the acquisition of the latter’s limestone/aggregates business in Mandra and the two ready-mixed concrete plants in Aspropyrgos and Gerakas.

record-low-bond-interest-rate
MARKETS

Greece successfully tapped the bond markets on Wednesday for the third time within 2021, as its five-year issue drew bids of more than 20 billion euros and secured a very low interest rate of just 0.20%, down from an original guidance for 0.28%.