Economy of Greece

ATHEX: Brexit deal, vaccination boost stocks

The Brussels-London agreement over a trade deal and the start of the vaccination process gave the Greek stock market another boost too on Monday, with the benchmark easily clearing the 800-point bar to reach highs unseen in 10 months. As the year draws to a close, the losses observed in 2020 are gradually being reclaimed.

GEK Terna bids with Egis for Egnatia Odos

Greece received one binding bid for the long-term Egnatia Odos highway concession in the north of the country, privatization agency TAIPED said on Friday.

The bidder was a consortium of GEK Terna with Egis Projects, the agency said in a statement, adding that it would not unseal the bid until a court ruled on an injunction filed by two consortiums.

ATHEX: Rising streak is broken

The Greek bourse benchmark's 14-session rising streak - the first this century - came to an end on Thursday, with significant losses for the majority of stocks, although not all blue chips followed the bank stocks on their steep decline. At any rate, the benchmark demonstrated that it is not yet ready to conquer the 800-point mark.

Capital Economics: Economy won’t fully recover till 2022

Capital Economics said in a report published on Wednesday that the Greek economy will shrink by 9.7% in 2020 - which is better than the government's projection for a 10.5% decline - and recover by just 4.5% in 2021 due to the second lockdown that "is set to last at least as long as the first." 

The economy's full recovery will come in 2022, the firm projected.

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