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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyconfirmed that it had made a lean gas discovery in Block 6 with Calypso 1 NFW. “An intensive and detailed data collection (fluids and rock samples) has been executed on the well. Calypso 1 is a promising gas... (EEZ)” a statement by ENI stressed on February 8. This was a blow to Ankara. According to Turkish
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomylow at 20.1 percent in 2017 versus the 34.9 percent EU average. The report concludes that every 1... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt... be higher by 12 percent or 2 billion if professionals used card payments at the same levels
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Greece worst in EU for gender equality as power resides overwhelmingly with men
Societythey are from reaching gender equality. The Index uses a scale of 1 to 100, where 1 represents total... listed companies is 9 percent and on the board of the central bank 8 percent versus 7 percent and 0... and men between 2005 and 2017. Around 12 percent of women and 10 percent of men report unmet needs
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingbillion in Q2. In the last 12 months, NPEs have been reduced by 4.5 billion. The bank noted that organic... and the tightening of sovereign bond yields. The movement in Q3 originates from negative formation of 1 billion...) dropped by 1.1 billion euros and stood at 8 billion. This led the group NPL ratio to stand at 24.4
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Newsletter 352 - 23/09/2022
after Thessaloniki returned to 8 pct, where it had stood at the end of July prior to the surveillance...’s ratings remained steady at 12 pct before and after TIF, while they have retreated slightly from 13... surplus of 1 pct of GDP. The latest preliminary budget execution data is a source of optimism
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Newsletter 475 - 12/09/2025
targets by €8 billion in the first seven months of 2024 and accused Mitsotakis of cynical... pct growth in 2025. Final consumption growth also slowed to 1 pct YoY and dropped marginally by 0.1...), from 3.1 pct in the previous month. The average CPI over the rolling 12 months was stable at 2.6
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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... in 2010–12, when full year outflows ranged between 13 and 36 billion, the last month in each of those... figures showed sight and savings recorded inflows of 1 billion each. On the flipside, there were
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Referendum call finds Greek banks teetering on the edge
Economyand Piraeus at 12 billion, Eurobank at 8 billion and Alpha at 6.2 billion. Those estimates were based... that have to be addressed imminently: 1) What will happen if the ECB stops providing additional liquidity to Greek banks as of July 1 when Greece will not be under a programme. 2) Which
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammeof milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1... to: 1) Preparation of a plan for the establishment of a new independent secretariat of public... products. 8) Issue of a ministerial decree for the reestablishment of the inter-ministerial committee
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
Economythan 1 billion euros in offers for 200 million euros auctioned, a coverage ratio of 5.13x. Monday’s... of 10 billion euros, out of an initial strategy of 12 billion euros, which suggests that an informal... as the consensus is that Greece although it will avoid recession it will barely grow by some 1 pct
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