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Building permits increase by 64.3 pct in February
EconomyMacroeconomy, the coronavirus epidemic would present a challenge to the market on many fronts. “Given the high dependency of the real estate market on tourism and other sub-sector economies, it is expected
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingoutbreak, current operations and market conditions had been impacted. Work was continuing... the process. The bank noted that the coronavirus crisis has decreased market visibility that investors
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingcatering not being serviced.. As pointed out in the report, the property market is also connected to the tourism market, manifesting in a property price recovery to pre-crisis levels largely on the back
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingbillion euros. YoY, NPEs in the domestic market have dropped by 3.9 billion euros. Sales... percent QoQ to 45.4 billion, driven by the domestic market. Deposits in Greece reached 44 billion
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingin losses in its trading portfolio due to the disruption in the market because of the pandemic from... to the market in early February, with the aim to optimise efficiency and facilitate the bank’s de
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First challenges for tourism plan, as public relaxes approach to virus
PoliticsGreek Politicsbe illegal under the current rules. The UK, Greece’s second largest tourist market, also introduced a 14-day... countries for Greek tourism, only Germany, Greece’s biggest market, has several airports not designated
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Greece issues new 10 yr bond as investor appetite returns
EconomyGreece completed its third market foray for the year by issuing a 10-year bond of 3 billion euros. The coupon was 1.5 pct and the yield settled at 1.57 pct, suggesting a re-offer price of 99.375.... billion to 1.35 trillion. It follows a 15-year 2.5 billion euros market foray at the end of January
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Distrust in news sources remains high, regardless of popularity
Societymarket in Greece is characterised by online fragmentation, a changing and polarised TV market, a print
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Hoteliers staring at big drop in turnover as liquidity calls grow
EconomyFeaturesThe Hellenic Chamber of Hotels (HCH) has released its latest survey regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown... of the current market conditions, the financial needs of hotels are set at 1.66 billion euros. Applications
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingto the market volatility. Operating expenses fell by 10 percent YoY on a like-for-like basis and came to 452... market was reduced to roughly 100 million at 30 June 2020. The bank increased its Liquidity Coverage
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