Articles | Economy | tags | ekathimerini daily.com http://www.ekathimerini daily.com/ en null null Wed, 26 Aug 2020 02:20:44 GMT 2020-08-26T02:20:44Z en null null ekathimerini daily.com http://www.ekathimerini daily.com/garnish/rss-logo.png http://www.ekathimerini daily.com/ Gov’t to make it easier for employees in 'vulnerable groups' to work from home http://www.ekathimerini daily.com/256188/gallery/ekathimerini daily/in-images/govt-to-make-it-easier-for-employees-in-vulnerable-groups-to-work-from-home

A government decision already in effect makes it easy for private sector employees belonging to so-called ‘vulnerable groups’ with regard to the coronavirus to ask to work from home so as not to come into contact with the public. A simple phone call, email or SMS to the boss should suffice, unless the employer can prove that work from home is not feasible. Even then, employers have to make arrangements to ensure the safety of their employees, failing which they will face hefty fines. In the coming days, the government will issue directives specifying the vulnerable groups and the medical documents required as proof.

Tue, 25 Aug 2020 16:52:37 GMT http://www.ekathimerini daily.com/256188/gallery/ekathimerini daily/in-images/govt-to-make-it-easier-for-employees-in-vulnerable-groups-to-work-from-home 2020-08-25T16:52:37Z
More subsidies on the way http://www.ekathimerini daily.com/256189/article/ekathimerini daily/news/more-subsidies-on-the-way

Now that it has got some relief from the European Union, in the form of long-term, low-interest loans from the SURE program, the government is considering extending aid to employees, the self-employed and businesses hit by the coronavirus pandemic.

Tue, 25 Aug 2020 15:56:19 GMT http://www.ekathimerini daily.com/256189/article/ekathimerini daily/news/more-subsidies-on-the-way 2020-08-25T15:56:19Z
Pandemic will force a rethink http://www.ekathimerini daily.com/256112/article/ekathimerini daily/business/pandemic-will-force-a-rethink

“Everybody knows that pestilences have a way of recurring in the world,” Albert Camus wrote in his novel “The Plague,” “Yet somehow we find it hard to believe in ones that crash down on our heads from a blue sky. There have been as many plagues as wars in history; yet always plagues and wars take people equally by surprise.”

Mon, 24 Aug 2020 07:09:47 GMT http://www.ekathimerini daily.com/256112/article/ekathimerini daily/business/pandemic-will-force-a-rethink 2020-08-24T07:09:47Z
METKA gets its first ever road project http://www.ekathimerini daily.com/256109/article/ekathimerini daily/business/metka-gets-its-first-ever-road-project

METKA, the construction arm of Mytilineos Group, will undertake to build a segment of the Ionian highway in Western Greece.

Mon, 24 Aug 2020 06:45:56 GMT http://www.ekathimerini daily.com/256109/article/ekathimerini daily/business/metka-gets-its-first-ever-road-project 2020-08-24T06:45:56Z
Emergency liquidity injection http://www.ekathimerini daily.com/256155/article/ekathimerini daily/business/emergency-liquidity-injection

The government will do all it can to inject liquidity in order to prevent the shrinkage of Greece’s gross domestic product (GDP) from rising into double digits this year.

Mon, 24 Aug 2020 05:21:25 GMT http://www.ekathimerini daily.com/256155/article/ekathimerini daily/business/emergency-liquidity-injection 2020-08-24T05:21:25Z
Tourism association wants extension of state aid, says earnings estimates were off http://www.ekathimerini daily.com/256111/article/ekathimerini daily/business/tourism-association-wants-extension-of-state-aid-says-earnings-estimates-were-off

The president of the Greek Tourism Confederation (SETE) is asking the government to extend measures such as subsidizing employers’ social security contributions for employees and allowing tourism businesses to suspend contracts.

Sat, 22 Aug 2020 15:15:30 GMT http://www.ekathimerini daily.com/256111/article/ekathimerini daily/business/tourism-association-wants-extension-of-state-aid-says-earnings-estimates-were-off 2020-08-22T15:15:30Z
Jobless remain over 1 million http://www.ekathimerini daily.com/256078/article/ekathimerini daily/business/jobless-remain-over-1-million

Official unemployment data show the clear impact of the pandemic. In July, the number of jobless seeking employment was 1,095,997 or almost 13% higher than the 970,201 registered jobless in July 2019.

Sat, 22 Aug 2020 12:03:11 GMT http://www.ekathimerini daily.com/256078/article/ekathimerini daily/business/jobless-remain-over-1-million 2020-08-22T12:03:11Z
Racing after European funds http://www.ekathimerini daily.com/256113/article/ekathimerini daily/business/racing-after-european-funds

The government is racing to come up with a plan that will bring in – sooner rather than later – the €32 billion in funds that have been allocated to Greece from the European Recovery Fund.

Sat, 22 Aug 2020 10:17:02 GMT http://www.ekathimerini daily.com/256113/article/ekathimerini daily/business/racing-after-european-funds 2020-08-22T10:17:02Z
ATHEX loses early gains, sheds 0.57% http://www.ekathimerini daily.com/256108/article/ekathimerini daily/business/athex-loses-early-gains-sheds-057

Initial gains on the Athens Stock Exchange on Friday turned negative at the end of the session, as other European markets also ended with losses on the back of negative expectations as reflected in various Purchasing Managers’ Indices.

Fri, 21 Aug 2020 18:34:55 GMT http://www.ekathimerini daily.com/256108/article/ekathimerini daily/business/athex-loses-early-gains-sheds-057 2020-08-21T18:34:55Z
PAO games available on Web channel http://www.ekathimerini daily.com/256074/article/ekathimerini daily/sports/pao-games-available-on-web-channel

Soccer club Panathinaikos has rejected a 5.7-million-euro offer by subscription-based broadcaster Nova to sell its TV rights for the next season of the Greek Super League.

Fri, 21 Aug 2020 08:41:43 GMT http://www.ekathimerini daily.com/256074/article/ekathimerini daily/sports/pao-games-available-on-web-channel 2020-08-21T08:41:43Z
Egypt, Italy deals tabled in Greek Parliament http://www.ekathimerini daily.com/256067/article/ekathimerini daily/news/egypt-italy-deals-tabled-in-greek-parliament

The agreements signed by Greece with Italy first and then Egypt, for the delimitation of the countries’ respective exclusive economic zones, were submitted to Parliament Thursday, where they are expected to be ratified on Wednesday, August 26. 

Fri, 21 Aug 2020 07:15:54 GMT http://www.ekathimerini daily.com/256067/article/ekathimerini daily/news/egypt-italy-deals-tabled-in-greek-parliament 2020-08-21T07:15:54Z
Finance ministry may pay for Covid-19 vaccination http://www.ekathimerini daily.com/256045/article/ekathimerini daily/news/finance-ministry-may-pay-for-covid-19-vaccination

The state may cover the cost of the Covid-19 vaccine on behalf of the insured once the doses reach Greece, Μinister Christos Staikouras said on Thursday.

Thu, 20 Aug 2020 12:07:49 GMT http://www.ekathimerini daily.com/256045/article/ekathimerini daily/news/finance-ministry-may-pay-for-covid-19-vaccination 2020-08-20T12:07:49Z
Greek current account shows gap in June, tourism revenues plunge http://www.ekathimerini daily.com/256044/article/ekathimerini daily/business/greek-current-account-shows-gap-in-june-tourism-revenues-plunge

Greece's current account balance turned to a large deficit in June from a surplus in the same month last year on the back of a deterioration in the services balance due to a hit on tourism, the Bank of Greece said on Thursday.

Thu, 20 Aug 2020 11:41:30 GMT http://www.ekathimerini daily.com/256044/article/ekathimerini daily/business/greek-current-account-shows-gap-in-june-tourism-revenues-plunge 2020-08-20T11:41:30Z
Pensioners await payments http://www.ekathimerini daily.com/256028/article/ekathimerini daily/news/pensioners-await-payments

The Court of Audit, Greece’s highest fiscal court, is expected to finally give the go-ahead in September for the repayment of some 1.4 billion euros in pension cuts which courts found unconstitutional.

Thu, 20 Aug 2020 09:16:45 GMT http://www.ekathimerini daily.com/256028/article/ekathimerini daily/news/pensioners-await-payments 2020-08-20T09:16:45Z
Industrial turnover declines 3.8% in June; reduced mining activity weighs heavily http://www.ekathimerini daily.com/256021/article/ekathimerini daily/business/industrial-turnover-declines-38-in-june-reduced-mining-activity-weighs-heavily

Industrial turnover declined 3.8% in June compared to the same month last year, data published by the independent Hellenic Statistical Authority (ELSTAT) show.

Thu, 20 Aug 2020 07:52:38 GMT http://www.ekathimerini daily.com/256021/article/ekathimerini daily/business/industrial-turnover-declines-38-in-june-reduced-mining-activity-weighs-heavily 2020-08-20T07:52:38Z
A tough fall http://www.ekathimerini daily.com/255985/opinion/ekathimerini daily/comment/a-tough-fall

This fall will not be at all easy. The conservative government will have to take a deep breath before it deals with what will probably look like a storm.

Wed, 19 Aug 2020 18:08:55 GMT http://www.ekathimerini daily.com/255985/opinion/ekathimerini daily/comment/a-tough-fall 2020-08-19T18:08:55Z
Report sees dip in new hires http://www.ekathimerini daily.com/255991/article/ekathimerini daily/business/report-sees-dip-in-new-hires

There has been a sharp decline in new hirings in the period from March to May 2020, an Alpha Bank report remarks.

Wed, 19 Aug 2020 17:11:34 GMT http://www.ekathimerini daily.com/255991/article/ekathimerini daily/business/report-sees-dip-in-new-hires 2020-08-19T17:11:34Z
Finance Ministry officials complain about Statistical Authority http://www.ekathimerini daily.com/255992/article/ekathimerini daily/business/finance-ministry-officials-complain-about-statistical-authority

Finance Ministry officials have been complaining about the alleged delay the country’s independent Statistical Authority (ELSTAT) publishes data on GDP.

Wed, 19 Aug 2020 17:07:31 GMT http://www.ekathimerini daily.com/255992/article/ekathimerini daily/business/finance-ministry-officials-complain-about-statistical-authority 2020-08-19T17:07:31Z
Egypt’s lawmakers approve maritime deal with Greece http://www.ekathimerini daily.com/255981/article/ekathimerini daily/news/egypts-lawmakers-approve-maritime-deal-with-greece

Egypt’s Parliament on Tuesday approved a maritime deal setting the country’s Mediterranean Sea boundary with Greece and demarcating an exclusive economic zone for oil and gas drilling rights, the state-run news agency reported.

Tue, 18 Aug 2020 18:41:00 GMT http://www.ekathimerini daily.com/255981/article/ekathimerini daily/news/egypts-lawmakers-approve-maritime-deal-with-greece 2020-08-18T18:41:00Z
Cruising season may be halted http://www.ekathimerini daily.com/255947/article/ekathimerini daily/business/cruising-season-may-be-halted

The Greek cruise ship owners’ association (EKFN) is essentially asking for a ban on cruises this season, invoking the dangers of the pandemic.

Tue, 18 Aug 2020 18:03:15 GMT http://www.ekathimerini daily.com/255947/article/ekathimerini daily/business/cruising-season-may-be-halted 2020-08-18T18:03:15Z