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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturescontracted, the seven-and-a-half years to June 2016 saw a seven-fold increase in the volume of loans... by organic means, write-offs or restructuring. The legal and regulatory framework was laid in 2015 with law... due to legal challenges. Industry sources say around 10,000 properties are due to be put up
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PM sees progress on lasting dispute with Albania after Tirana visit
PoliticsForeign Policyare facing legal complexities. However, he wanted to emphasise that there has been progress on an issue... a legal challenge by Edi Rama’s socialist party, then in opposition. The 2009 agreement... “for some strange statements that I saw attributed” and that “do not represent the current situation
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Is a lack of spending hampering Greece's firefighting capabilities?
Societyprevention and firefighting. The country switched to a new model of forest fire management in 1998, when.... The current model allocates just over one euro to fire prevention for every two euros spent... the potential role of spending cuts in bringing about the disaster. In the aftermath of the criticism
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Record year for Greek tourism raises concerns about sustainability
EconomyFeaturestourism model, which privileges construction-led development with little concern for sustainability... remain faulty or incomplete. Policy makers’ reticence to tinker with the current model... organisations and travel sites were warning would-be visitors to avoid popular destinations, ranging from
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesto transform the country's economic model. On the face of it, Greece is one of the RRF’s success stories... of the prevailing economic model rather than achieving a transformative effect.... allocations ranging from just under 21 million euros to 1.8 billion. Grants account for 76 percent
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ND highlights housing initiatives as Athens waste row rekindles hopes of progressive alliance
PoliticsGreek Politicson the model of other European countries. The party argues that the state has historically lacked... the spirit of cooperation between PASOK and SYRIZA at the local level, which some see as a model... for a variety of social groups, ranging from students to young families and the elderly who name housing
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New frigate arrives to much fanfare as spotlight falls on Dendias, minister's aspirations
PoliticsGreek Politicsranks will be funded by savings within the Defence Ministry, which Dendias presented as a model... argued that the reforms will not only strengthen deterrence but also serve as a “virtuous model..., among others. Personal ambitions Dendias has used a wide-ranging interview with Sunday’s Kathimerini
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomyΤhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday. The study showed that the net financial wealth of Greek...
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