Economy of Greece
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.
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 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 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 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.