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  1. Government opts for modest tax relief, but who will benefit?

    EconomyFeatures

    billion euros according to our own rough estimates. By hedging the interventions in the tax scale... the income tax scale has been estimated by the government at 281 million euros, shared between around 4.5

    2%
  2. BoG urges banks to improve quality of capital, re-doubles SPV efforts
    Photo by MacroPolis

    EconomyBanking

    to play the role that is required in boosting the country’s growth prospects. BoG estimates... report earlier in the year, the BoG had estimated that the combined solution of APS and DTC based SPV

    2%
  3. More than a quarter of a million firms affected by enforced closures due to Covid-19
    Photo by MacroPolis

    Economy

    to the latest estimates. In the next phase of its response, the government ordered the closure of all... introduced by the government to support businesses during closure, it is estimated that only around

    2%
  4. Government readies up to 2 bln in assistance for shuttered firms and employees
    Photo via www.government.gov.gr

    Economy

    said that the government estimates that up to 700,000 workers will be affected now. The interventions... for the whole of March and will be extended if necessary. It is estimated that around 220,000 firms fall

    2%
  5. Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
    Photo by MacroPolis

    Economy

    that those estimates are subject to significant downside risks, most notably more prolonged... market as the ECB could purchase up to 16 billion euros of GGBs, or 9.3 pct of estimated GDP. Other

    2%
  6. GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP fell by 1.6 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from..., a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP growth before

    2%
  7. Newsletter 253 -05/06/2020

    Newsletters

    percent in Q4 2019, provisional estimates from the Hellenic Statistical Authority (ELSTAT) showed... percent is expected in 2020 compared to an estimated 2 percent GDP growth before the pandemic. GDP

    2%
  8. Newsletter 255 -26/06/2020

    Newsletters

    . The hotel workers’ association on Rhodes, for instance, estimates that up to 40,000 workers... businesses tackle liquidity difficulties. It is estimated that 1.4 billion euros will be returned

    2%
  9. PM wants no strings attached to EU funds as ND juggles with public finances
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    . It is not certain the same will apply next year. According to Kathimerini, the Finance Ministry now estimates... estimated initially for this year to 900 million. Another billion will come from the third phase

    2%
  10. Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
    Photo by MacroPolis

    EconomyMacroeconomy

    . The primary deficit will be 11.14 billion euros, or 6.8 pct of GDP. The same estimates in October’s... percentage points, through an estimated amount of 3.9 billion euros, 2.64 billion in the form of grants

    2%