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ESM approves next bailout tranche, providing Athens with some relief
PoliticsGreek Politicsof the total 8.5 billion in a disbursement that will probably be made on Monday, according to the ESM's.... The government will also use 800 million euros from the instalment to reduce state arrears, which rose above 5
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GDP rises by 0.5 pct in Q2 as signs of recovery emerge
EconomyMacroeconomy. Final consumption retains the lion’s share of GDP, making up 91 percent of the total figure in Q2... percent YoY posted in Q1. Specifically, imports of goods dropped by 5 percent QoQ while imports
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Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
EconomyMacroeconomyfurther by 5 billion euros to 33.9 billion. The drop reflected “developments in the liquidity situation... around 68.1 percent of the total withdrawn liquidity. The collateral pledged with BoG and the ECB
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Coalition looks to regain confidence, centre-left struggles with ballot
PoliticsGreek Politicsto elect a common leader. The date for the first round of voting was set for November 5... to be demanding a total of around 1 million euros but the parties behind the election process, including PASOK
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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyof Thessaloniki, the sale of a 5 percent of the stake in Hellenic Telecoms, Hellenic Petroleum, Athens International Airport, DEPA and DESFA, which total close to 2 billion euros. It is worth noting
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Why it makes sense for ESM to swap Greece's IMF loans
Agorafor bank recapitalisations. By the time the exercise was completed at the end of 2015, only 5... will be repay this in full. Including total charges and fees, the servicing of the debt to the IMF
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingimpairments in Q2. Operating expenses fell by 1 percent QoQ to 288 million, falling further by 5... for two NPE disposal transactions, one for business and one for consumer loans, of a total NPE on balance
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High participation rate helps bond swap tick box
Economyfor the 2023 benchmark, reaching 4.2 percent for the 2042 benchmark. The total amount of bonds that were... will be announced on November 30, around 4pm CET and the settlement on December 5. The Finance Ministry can
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Budget passed but coalition handouts draw attention
PoliticsGreek Politicsand the disbursement of more than 5 billion euros in funding. Handouts However, the coalition appears... to total no more than 20 million euros), reports suggest that the lenders are annoyed with the government
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Business balance positive in 2017, small companies continue to dominate
EconomyFeaturespercent. A total of 17,590 such businesses were opened in 2017 while almost as many (17,430), were... for those under 35 with less than 5 insured years. The knock-on effect of this is visible in GEMI’s
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