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Resignation keeps surveillance issue in spotlight
PoliticsGreek PoliticsThe year concludes with the government still being dogged by the surveillance issue, a matter that New Democracy thought at various points during 2022 that it had laid to rest. It was announced... vendor Intellexa to Madagascar. Subsequently, Kathimerini reported that permits had been issued
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May PMI still in expansion as firms report supply chain and cost issues
EconomyMacroeconomyin the Greek manufacturing sector have been improving for more than a year. The rate of growth..., as vendor performance further deteriorated. The key factors for the delays were issues with routes
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OPEKEPE scandal remains sore point for government despite wayward inquiry
PoliticsGreek Politics, 2020, 2021 and then in 2024, the two-year hiatus created a blind spot. In the absence of continuous.... This vendor fragmentation meant no single authority could guarantee data integrity when processing
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Manufacturing continues to expand in Dec as PMI sees minor rise
EconomyMacroeconomyin employment toward the end of the year, with firms mainly hiring full-time staff. Although job... to supply chain developments”, commented S&P analysts. "Strikes and protests in December hampered vendor
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammedifference between the Greek government and the institutions during the 3-day visit of the quadriga...) be deemed eligible for protection. The quadriga appeared willing to discuss the threshold of 120,000... local media that the quadriga’s proposal would protect 17.3 percent of those with housing non
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammean agreement could be clinched by March 25. The quadriga proposed to the Greek government last week.... According to this quadriga proposal, the current tax-free threshold of 9,550 euros would be lowered... tax break. Both the government and the quadriga proposals result in lower tax for those self
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Newsletter 141
to appear in the Greek economy this year, though they are fragile. Tourism, one of the main pillars... proposals to redistribute 1.4 billion euros from this year’s excess primary surplus. Lawmakers from... budget against a programme target of 1.75 percent of GDP. Outperformance is expected next year too
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Athens seeks enhanced regional role via international religious conference
PoliticsGreek Politics, Ioannis, Egypt’s Grand Mufti Shawki Ibrahim Abdel-Karim Allam and Chief Rabbi David Moshe Rosen from
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Newsletter 275 -27/11/2020
states for the six-year funding programme. Greece qualifies for just under 32 billion euros of funding... a ten-year plan for the transformation of the Greek economic model. The report includes radical changes... for this year and next. The recession of 2020 is now revised to 10.5 pct, from 8.2 pct in the draft
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingPiraeus Bank posted a loss of 662 million euros last year as it suffered from impairments arising... compared to 262 million euros in Q3. For the year, PPI came to 809 million euros, a 30 percent drop year-on-year (YoY). Net interest income (NII) came to 378 million euros versus 380 million euros
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