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  1. Newsletter 260 -31/07/2020

    Newsletters

    decisions. The NAVTEX is valid until August 2, which means that Greece will remain on high alert..., but this by no means suggests that they returned to pre-crisis levels. 2 Primary balance at deficit

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  2. Newsletter 266 -18/09/2020

    Newsletters

    forecasts. 2 Current account deficit at 874.5 mln in July Sharp drop in travel receipts drives..., against an increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019

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  3. Apartment prices rise by 4.1 pct in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    an increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019, against..., and by 2 percent in other areas of Greece during Q2. For the whole of 2019, based on revised data

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  4. All eyes on Piraeus as share price tumbles amid coupon payment concerns
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    that took place in 2015, Piraeus Bank had issued 2 billion euros of convertible bonds (CoCos) that pay... billion euros of NPEs through two portfolios: Phoenix, which is worth 5 billion, and Vega for 2 billion

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  5. Newsletter 280 -15/01/2020

    Newsletters

    of March, allowing almost 2 million people in high-risk groups to be inoculated, thereby easing... between non-gg (5.82 billion) and gg (3.40 billion) entities. 2 Employment balance positive by 2,116

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  6. Newsletter 282 -29/01/2021

    Newsletters

    this year at regular intervals. 2 Budget primary at deficit of 18.20 bln in 2020 Primary balance..., as mentioned, 909 million euros or 2 percent above than the target of 46.45 billion euros. Meanwhile

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  7. Greece - On the importance of productivity growth

    Agora

    of productivity growth recovering to around 1 percent a year. We also accept this assumption for Greece. [2... acknowledge that the costs of climate change are not included in this representation. [2] Some

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  8. Banks intensify balance-sheet clean up with securitisations, new bonds
    Photo by MacroPolis

    EconomyBanking

    as joint lead managers for a 500 million-euro issue of subordinated Tier 2 bonds. If comes after the bank.... The Tier 2 bond issue will bolster the bank’s capital adequacy by about 150 basis points

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  9. Piraeus announces transformation plan amid 2020 loss of 662 mln
    Image via www.piraeusbank.gr

    EconomyBanking

    NPE reduction in 2020, including write-offs, was around 2 billion euros in last year, bringing..., as well as Sunrise 2, with a gross book value of 4 billion euros, will bring the cumulative

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  10. CPI down by 1.6% in March, marking 12-month continuous drop

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year in March, following a drop of 1.3 percent in February and a decline of 2 percent in January, Hellenic Statistical Authority... the services index fell by 1.3 percent YoY. The harmonised index of consumer prices (HICP) fell by 2 percent

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