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Greek economy to shrink up to 13% due to coronavirus, finance minister says


ATHENS Greece's economy may shrink 10 to 13% this year following a lockdown imposed to stem the spread of the novel coronavirus, but the government will take steps to mitigate the impact, the country's finance minister said on Wednesday.

Greek hotels offered Eurobank funding to help restart tourism 19 May 2020

ATHENS Eurobank is making a 750 million euro (671 million pounds) funding package available to help Greek hotels and support tourism, which has been hit hard by the coronavirus crisis.


Greek carrier Aegean says 2020 will be the worst in its history 18 May 2020

ATHENS Aegean Airlines , Greece's largest carrier, expects 2020 to be the worst year in its 21-year history as restrictions imposed to contain the new coronavirus pandemic have hit revenues and grounded planes, its chairman said on Monday.


Greeks return to beaches in heatwave, but keep umbrellas apart 18 May 2020

ATHENS Greeks flocked to the seaside on Saturday when more than 500 beaches reopened, as the country sought to walk the fine line between protecting people from COVID-19 while reviving the tourism sector that many depend on for their livelihoods. | Video


Cafes and churches open in Italy and Greece; Spain eyes summer reboot 18 May 2020

ROME/MADRID Italian shops, restaurants and churches reopened their doors to spring sunshine on Monday, Greece welcomed visitors back to the Acropolis - and Spain hoped for tourists to return in summer in cautious steps to ease coronavirus lockdowns.


Acropolis sparkles in the sun as Greek tourist spots reopen 18 May 2020

ATHENS Greece reopened the Acropolis, museums and other major tourist attractions as the coronavirus lockdown eased in bright sunshine in Athens on Monday. | Video


After weeks of lockdown, overjoyed Greeks return to church 17 May 2020

ATHENS Thousands of Greeks returned to church on Sunday after weeks of staying away as a ban on mass gatherings to curb the spread of the novel coronavirus was eased.


Greek carrier Aegean to gradually restart overseas flights by end May 14 May 2020

ATHENS Greece's largest carrier Aegean Airlines said on Thursday it will gradually restart flights from Athens to some major European destinations by the end of May, ending a suspension prompted by the new coronavirus pandemic.

Greek construction firm Ellaktor agrees deal to upgrade Athens marina 13 May 2020

ATHENS Greece has signed an agreement for the long-term lease and redevelopment of one of its biggest marinas by construction group Ellaktor in a deal worth about 177 million euros ($191.94 million), its privatisation agency said on Wednesday.


German ruling on ECB will focus minds on European integration - Greece's Stournaras 12 May 2020

ATHENS A legal wrangle over the European Central Bank's bond-purchasing programme will help focus minds on the need for closer European integration, Greek central bank chief Yannis Stournaras said on Tuesday.