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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economythis year, to 8 pct of loans. However, Greece is still seen as an outlier in the eurozone due... rating review for Greece is by Fitch on July 8, followed by Moody’s on September 16 with DBRS. S&P’s
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Piraeus Bank net interest income jumps to 420 mln in Q1, up 71 pct
EconomyBankingtrading income was 8 million euros, from 72 million in Q1 2022. Total operating expenses stood..., compared with 8 million euros in 2022. Balance Sheet Customer deposits were 57.17 billion euros in Q1
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SYRIZA on defensive as election campaign draws to close
PoliticsGreek Politicsto 11, KKE 6.5 to 8 pct, MeRA 3.5 to 4.5 pct and Greek Solution 3.5 to 4.5 pct. Like most recent... to be published. The first projection of the result based on actual votes counted is expected at around 8
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Pace of credit growth picks up in Nov, at 2.8 pct, led by loans to insurance companies
EconomyMacroeconomy8 billion euros. Credit to sole proprietors was positive by 8 million euros to 4.5 billion. Housing
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SYRIZA's ongoing drama creates space for winner of PASOK leadership vote
PoliticsGreek Politicsto head to a extraordinary conference on November 8 and then the first round of the leadership ballot... 8 to overturn the decision to oust him as party president or, at the very least, to ensure that he
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Greece looks to cultivate ties with Egypt and Israel while keeping eye on Turkey's role in Syria
PoliticsForeign PolicyThe trilateral summit due to be held in Cairo on January 8 will host the leaders of Greece, Cyprus and Egypt and takes place at a critical moment for developments in the Middle East. Turkey’s active...,” the same sources underlined. The meeting in Cairo on January 8 will give all three leaders
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Sentiment and consumer confidence start 2025 with improvements
EconomyMacroeconomysharply to 0.4 points, from 8.5 points in December, now down by over 8 points from February 2024. Construction confidence was virtually unchanged to 13.4 points. The index is currently up by over 8
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Growth in property prices stable at 6.8 pct YoY in Q1
EconomyMacroeconomyprice increases of 8 percent YoY, from 9.2 percent in Q4 2024. During Q1, properties in Athens..., prices rose by 7.3 percent, and they increased by 8 percent in other areas of Greece. The annual
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Iran war creates turbulence for Greek tourism outlook
EconomyFeatures, the nation’s largest carrier, announced a fare surcharge of approximately 7–8% in late March - a move... reporting an 8–10% decline in booking flows compared with the weeks preceding the conflict. The American
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Greek 2013 primary surplus confirmed at 1.5 bln euros
Economydebt, 1 billion to reduce state arrears and 500 million would be given as a “social dividend... the reduction of social security contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective from July 1. The MoF insisted on Wednesday that it could still meet
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