Economy of Greece

Greek economy shrank 10 pct in 2020, EU report shows

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.

ATHEX: Local bourse heads north for a third day

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.

Six suitors likely to bid for Larco assets

Six candidates have expressed their interest in a tender to buy Larco General Mining & Metallurgical Company assets, including the leasing of the mining complex in Larymna.

According to information, the six candidates were: GEK Terna, Tharisa Plc, Mytilineos Group, Solway Investment Group, Trafigura Group Pte, and Commodity and Mining Insight Ireland Limited.