Economy of Greece

Parliament report sees greater economic uncertainty, risk from second wave of pandemic

The negative repercussions of the pandemic remain manageable in the short-term but the second wave of the pandemic intensifies the uncertainty and medium-term risks for the economy, the Parliament's Budget Office said in a report released on Tuesday.

ATHEX: Index at level unseen since last February

The Greek bourse benchmark climbed on Friday to highs unseen since late February after its 11th consecutive day of gains, which were quite handsome too, on the day the third-quarter growth data were issued. Likewise, the Greek benchmark 10-year bond yield reached a new low on Friday, at 0.626 percentage points.

Editorial: Greek exports show strong ‘antibodies’

The endurance exhibited by Greek exports in the middle of a pandemic is marvelous and demonstrates the progress achieved over the last years by Greek businesses in terms of competitiveness despite multiple adverse circumstances.

In contrast to the dismal economic environment and pervasive uncertainty that are the order of the day, the prospects for Greek exports appear bright.

ATHEX: Fresh gains for bourse

The Greek bourse benchmark advanced for a 10th consecutive session on Thursday, a streak unseen in almost four years, as stocks are now extending November's momentum into December. The index recorded a new ninth-month high - and without the help of bank stocks this time.

The Athens Exchange (ATHEX) general index ended at 766.82 points, adding 0.97% to Wednesday's 759.47 points.

ATHEX: Index rises for the fourth week in a row

The Greek bourse benchmark climbed on Friday to highs unseen in almost nine months - i.e. throughout the time of the pandemic in Greece - boosted by aspirations for a strong recovery next year when the vaccines arrive. This was the fourth consecutive week of gains for the local market, which has recovered a large share of the losses incurred over the year.

Alpha Bank’s Q3 profit falls

Alpha Bank, one of Greece's four largest banks, on Wednesday reported a drop in third-quarter profit compared to the previous quarter on weaker net interest income.

Alpha, 11 percent owned by the country's bank rescue fund HFSF, reported a net profit from continued operations of 43.8 million euros, versus €97.5 million in the second quarter.

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