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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesthat for every 1 euro created by tourism activity, an additional 1.50 euros is indirectly generated..., each year an extra 20 percent will need recurring investments for upgrades. The funding needs
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Mati fire investigation puts spotlight on authorities and government
PoliticsGreek Politicswith the disaster. Charges have been filed against 20 people over alleged negligence, including former... been estimated that the reduction of the voting age by 1 year means that around 130,000 more Greeks
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KINAL vies for space, plays hard-to-get ahead of elections
PoliticsGreek Politicsreceive less than 25 percent, and close to around 20, this is considered enough to prevent... for SYRIZA was at 22.5 percent (which is 1 point higher than a month earlier). Backing for New Democracy
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Newsletter 204 -03/05/2019
points for three consecutive months so far. Greeceās economic sentiment (ESI) fell by 1 point in April... euros. Consumer credit remained negative for a third month with outflows of -20 million euros
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingThe phased-in Common Equity Tier 1 (CET1) ratio came to 15.7 percent from 15.1 percent Q4. The bank noted... Properties announced on May 17 that they would suspend trading as of May 20 and delist the company from
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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomyto a deficit of 545 million euros compared to a slight surplus of 20 million euros seen in April. Compared... recorded a deficit of 1.76 billion euros compared to a deficit of 1 billion million euros seen
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingfrom over 20 jurisdictions placing orders as part of the book building process. The process was run... contains properties worth around 1 billion euros. This deal was seen as a precursor to the issuance
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Budget primary surplus confirmed at 916 mln in May on higher expenditure
EconomyMacroeconomyof 547 million euros compared to a slight surplus of 20 million euros seen in April. Compared... a deficit of 1.76 billion euros compared to a deficit of 1 billion million euros seen
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsof this month. The New Democracy tax package for 2020 includes a 20 percent reduction to the ENFIA... cut legislated by the previous government, may be sacrificed to avoid the fiscal gap of more than 1
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economythe target by 1 percentage point from 2021 onwards. This will be part of a negotiation with the ESM... is for them to drop to 20 percent of total loans by 2021. The economic recovery, improved real estate prices
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