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Survey finds only 60 pct of hotels operated in the year so far
EconomyFeaturesThe Hellenic Chamber of Hotels (HCH) has released a new survey of its members which shows the troubled state of Greece’s hotel sector in the midst of the coronavirus pandemic. It found that only 60 percent of hotels operated during the year to date. Regarding hotels that operate year-round, only 59
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Newsletter 250 -11/05/2020
of income up to 60 percent, with the intention of reducing the cost of employment by up to 75 percent... is in terms of the economy as the Alco poll suggests that 60 percent of people questioned feel the support... in the EU at less than 2 percent of those employed saying that they usually work from home. Based
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset
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Newsletter 51 - 12/11/2015
already clarified it would also seek state aid of 2 billion to cover its total capital shortfall... for the 2 billion, plus 10 billion for the banks, to be released. Those pending matters consist.... The first negative reading since last year, the Q3 figure was better than predicted. 2 A valuable
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The state of play with Greek banks' liquidity
EconomyThe ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks... banks have already tapped ELA for 2 billion euros. It is unclear at the moment whether the ECB... to the non-eligibility of a particular type of ECB funding collateral as of March 1. This stems
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Newsletter 70 - 15/04/2016
. Almost 46 percent of March hirings relate to full-time employment. 2 Club Med goes to Washington.... If the Cortes fails to elect a new prime minister by May 2, then the king will have to use his... in Washington. For years Italy’s largest banks (UniCredit, Banca Monte dei Paschi di Siena and Intesa
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Newsletter 9 - 30/12/2014
that SYRIZA will be able to implement a different type of economic policy. The opposition party... falls to 60 percent”, compared to a nominal 175 percent ratio. That statement rested on the calculation... for 60 years and forfeit interest. Another option involves the ECB rolling over the Greek government
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Club Med in Washington
Agora. Time is now running out in Spain. If the Cortes fails to elect a new prime minister by May 2..., Banca Monte dei Paschi di Siena and Intesa Sanpaolo) have been confronted with contingency risks... sharing the burden of a capital increase in order to finance the bailout of the regional Banca Populare di
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Newsletter 108 - 24/02/2017
indicated that the volume of measures should reach 2 percent of GDP, or 3.6 billion euros... to 2 billion. As a result, the travel surplus dropped by 7.3 percent to 11.21 billion in 2016..., a qualifying majority of 60 percent of creditors is required. The draft law also foresees that debt
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalinsurance. 2. Subsidized Guarantees for Bank Loans One of the most important instruments under... exception under Article 107(2)(b). 5. Short-term export credit insurance The Temporary Framework... interest rate subsidies on loans and bank loan guarantees. 2. Support for employees and unemployed
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