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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomyΤhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday. The study showed that the net financial wealth of Greek...
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingthe static model and the dynamic model (based on the restructuring plan approved by the EU DG Comp) could... higher deposit NII on deposit spread improvement by 20 bps and lower funding cost. In contrast, loan... at 94 percent. Reliance on Eurosystem funding retreated by almost 6 billion euros since March
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesto transform the country's economic model. On the face of it, Greece is one of the RRF’s success stories... of the prevailing economic model rather than achieving a transformative effect....Funding from the EU’s Recovery and Resilience Facility has been central to shaping expectations
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Famellos presents struggling SYRIZA’s case, pleads for unity among progressives
PoliticsGreek Politicsills like stifled small businesses, weakened labour rights and a skewed production model remain... as evidence that the government intends to cement a low-value, import-heavy growth model that widens... health funding to EU averages; 15,000 new permanent posts in the national health system; doubled
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Is a lack of spending hampering Greece's firefighting capabilities?
Societyprevention and firefighting. The country switched to a new model of forest fire management in 1998, when.... The current model allocates just over one euro to fire prevention for every two euros spent... and “not having a clue” when he implied last week that the firefighting fleet was less than airworthy. Funding
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PM trails national recovery plan ahead, talks up growth prospects
PoliticsGreek Politicseconomic model, to guide the economy towards a more extrovert, competitive model, with a more effective... ability to secure the EU funding, which will require it to meet tight deadlines and work to strict
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SYRIZA lays out alternative vision to counter government's RRF plan
PoliticsGreek Politicsand transformation of the country’s economic model. It also acknowledges the need for a radical overhaul of the country’s productive model. However, the emphasis, as presented by Tsipras, is on more broad-based... of funding coming from private businesses, 30 pct from bank loans and 50 pct from public funds.
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Govt rushes in new energy measures as Brussels decision on gas price cap deferred
PoliticsGreek Politicsin the negotiations, the European Commission has come out in support of the so-called “Iberian model”, whereby... for electricity results in higher consumption. They also note that the model entails a degree of fiscal support... national energy package. The new package includes three new funding mechanisms, as well as measures
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