The budget deficit in the first 9 months of 2020 is at 7 billion euros
A deficit of 7 billion euros was recorded in the budget in the first 9 months of this year, as a result of the pandemic and the lockdown.
- Written by E.Tsiliopoulos
Mitsotakis at ElvalHalcor S.A: 'Rebirth of Greek heavy processing industry a strategic target of the government'
Prime Minister Kyriakos Mitsotakis on Wednesday spoke at the unveiling of the new four-stand tandem aluminium hot finishing mill of ElvalHalcor S.A., Greece's major aluminium and copper industrial producer, at the company's Oinofyta plant, near Athens.
- Written by E.Tsiliopoulos
ESM survey sees 8-12.5 billion-euro damage from 'bad bank' plan
The Greek state will suffer a loss of between 8 and 12.5 billion euros from the implementation of a Bank of Greece's plan to set up a "bad bank" to absorb Greek banks' non-performing loans, a survey on "Lessons from Financial Assistance to Greece" conducted under the guideance of Joaquin Almunia, former EU Economic Affairs Commissioner for the European Stability Mechanism (ESM), said on Thursday.
- Written by E.Tsiliopoulos