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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... for the Greek economy and now see it contracting by 1 to 8 pct this year. Capital Economics sees economic... and exports will pick up from Q3, leading to just a 1 pct recession. This is predicated upon the economic
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingdecisions. P&L NII came to 387.1 million, up by 1 percent QoQ which was led by business loan... percent at the end of September 2019. Capital At the end of December 2019, the Common Equity Tier 1... in risk weighted assets. The fully loaded total CET 1 stood at 14.9 percent. The bank’s Tangible
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Newsletter 247 -10/04/2020
has set aside 1 billion euros. The firms that claim the money back will have to repay it to the tax... showed that imports from non-EU countries fell by 1 percent. Those from EU countries rose by 3.4 percent...) fell by 3.4 percent year-on-year (YoY) in February compared to a revised decrease of 1 percent
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As easing of lockdown begins, government looks to salvage economy
PoliticsGreek Politicsexplained that the infection rate (R) has dropped well below 1, signalling that the disease is dying out... and updated every 1 to 2 weeks. As things stand, Greeks are not able to leave their region but the government... to and from the Greek islands. This is due to happen on June 1. According to Kathimerini, though
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Central government debt increases by 1.99 bln to 364.86 bln in Q3
EconomyMacroeconomy(+85.4 million). An increase of less than 1 million was seen in BoG loans. Declines were seen... made up 76.3 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years
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Athens angling for tougher EU stance on Turkey ahead of summit
PoliticsForeign Policyshould begin immediately. This view was reiterated on December 1, when Foreign Ministry spokesman Hami... on December 1. Government sources say that the two men assessed the current situation. Paris has recently... ministers on December 1. He accused Ankara of stoking tensions with fellow allies in the Mediterranean
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Labour market developments in Greece during Covid-19
Agoraas possible. Let us look at unemployment in more detail. What do the numbers from ELSTAT tell us? Figure 1... the pandemic (e.g., SURE)[1] have sought to alleviate the impact on the labour market. Recommendation... Back to Debt Sustainability" published in 2020. Jens Bastian is senior policy advisor at ELIAMEP. [1
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Turkey: Multiple policy challenges from all directions
Agorarolling average of new cases is now over 53,000; it was around 9,300 on 1 March when the government... recorded in the country. The number of deaths has also risen sharply, by almost 50% since 1 April.... Earlier this week, Moscow decided to restrict flights to and from Turkey from 15 April to 1 June
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Common ground absent after latest round of Cyprus discussions
PoliticsForeign Policyof the island's 1960 independence, plus the UN. The new 5+1 meeting ended with no result and with the two... of the summer to hold another informal 5+1 meeting. Many already believe that a “make or break” conclusion..., and any solution should clarify issues related to autonomy in the decision-making process. The 5+1
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingin interbank repos to 200 million. Deposits increased by a further 1 billion euros in Q1 to reach 48.3 billion euros. New loan disbursements exceeded 1 billion in Q1. Capital The Common Equity Tier 1 (CET1
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