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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBanking, a rise of 2.8 percent quarter-on-quarter (QoQ). For the full year, NII reached 1.44 billion, a rise
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BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
EconomyFeatures. The report notes that the full recovery of the market depends on an uptick in domestic demand which so
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Google mobility report illustrates stark drop in activity due to Covid-19
Society. On the evening of March 22, Prime Minister Kyriakos Mitsotakis addressed the nation and said that a full
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More fiscal measures, restrictions on movement mulled by govt as it rides high in polls
PoliticsGreek Politicsthat a full lifting of the restrictions is unlikely anytime soon and that many businesses will need
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Covid-19 effects spread across number of sectors
EconomyFeatureson reducing bad loans in their full year reports for 2019, though this trend is highly unlikely to hold
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Coronavirus outbreaks highlight limited progress in disbanding hotspots for migrants
PoliticsGreek Politicsalso include 1.8 billion euros in increases to social and disability benefits, as well as full income
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Medics highlight weaknesses in frontline care as parties debate emergency measures
PoliticsGreek PoliticsThe government has announced it will step up checks on highways and at ports and airports ahead of Greek Orthodox Easter next Sunday to ensure it keeps a lid on the coronavirus outbreak, which has yet to test Greece’s health service to the full. The relatively limited number of Covid-19 cases
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingGreeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill. In their full year performance reports for 2019, all four of Greece’s systemic banks reported profits and solid progress on NPL and NPE reduction. As the impact
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Budget primary surplus at 595 mln in March
EconomyMacroeconomyby 10 million euros or 0.1 percent. The full revenue breakdown will be provided upon the release
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As plan to ease lockdown progresses, politics turns to non-coronavirus issues
PoliticsGreek Politicsmade a full reopening, albeit in stages, more likely. Education Minister Niki Kerameus indicated
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