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ND lining up tax, development and labour legislation for autumn
PoliticsGreek Politicsreports that Staikouras plans to lead the discussion regarding the fiscal targets by speeding up... to mediate with the banks in the rescue of up to 170 companies at risk of bankruptcy. He has already
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Brussels gives Athens thumbs-up for reforms and budget
EconomyProgrammeby eurozone central banks and the waiver of the step-up interest margin on loans by the EFSF... of the tax cuts will push the economy up by 2.3 percent in the EC’s view, which is under the 2.8
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Overall loan interest rate edges up to 4.34 pct in Nov
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted.... The average interest rate on deposits from households with an agreed maturity of up to one year
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Deadline looms for troubled home protection scheme as insolvency law is lined up
Economyand then extended by subsequent administrations, is starting to move up the agenda of key stakeholders... as an incentive that up to 30 percent of the loan installment would be subsidized by the state. Borrowers
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Govt steps up policy response, hoping to impede Coronavirus
PoliticsGreek PoliticsThe government is stepping up the range of precautionary measures being taken to impede the spreading of the coronavirus in Greece, where 89 people have been diagnosed with the illness, but nobody... is up to the task of dealing with any coronavirus cases and that the economic impact of Covid-19
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Travel balance surplus up by 27 pct in January to 80.2 mln
EconomyMacroeconomy. Receipts from travellers within the EU but not euro-denominated edged up by 0.8 percent to 38 million... outside the EU28 were up by 25.3 percent.
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBankingthat a committee be set up by the BoG to evaluate the reduction in the amount of such documentation. The government hopes that this injection of liquidity will prop up businesses struggling due to the coronavirus
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ND hopes economy will pick up as second stage of lockdown easing begins
PoliticsGreek PoliticsThe second phase of easing the lockdown restrictions was launched on Monday, with the Greek government hoping that this will contribute to economic activity picking up again. Just over 66,000... up to 2 pct of its GDP before the end of 2022, which for Greece means roughly 3.8 billion euros
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Greek-Italian sea borders, EEZ pact ties up loose end but also carries wider significance
PoliticsForeign Policy, the foreign ministers of the two countries, Nikos Dendias and Luigi di Maio, wrapped up.... Significance The signing of the agreement with Italy is significant as it ties up a longstanding loose
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No let-up in tension with Turkey as MPs prepare to approve maritime boundary deals
PoliticsGreek Politicscriticism of Greece. On Tuesday, he accused Athens of “sowing chaos” and followed this up... the government is handling the flare-up well and, more broadly, whether the Greek position may also
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