Search
-
BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
EconomyMacroeconomyassesses the economy’s progress over the year, though challenges are clouding the outlook. The BoG makes... year. This is a downward revision from the projections in June that expected growth of 3 pct in 2024... will continue a downward trajectory, with HICP this year at 4.1 pct, from 9.3 pct in 2022 and it will continue
7% -
Arrivals nearly double year-on-year in 10M, travel receipts exceed 17 bln
EconomyMacroeconomy, the record year before the pandemic. Receipts came to 1.51 billion euros for the month from 1.29 billion euros in 2021, up roughly 16.7 percent year-on-year. Travel payments rose by 25.2 percent... 2.14 million last year and 2.77 million in October 2019. The average expenditure per trip dropped
7% -
What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyboth in the private and public sector via a two-year programme. The cost is estimated at 3 billion euros for the first year and a total of 5 billion for the two-year period. According to the latest... pillars. The five interventions of this pillar include: 1) Abolition of the single property tax (ENFIA
7% -
Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingreturning to normal levels. Costs were also down by 4 percent year-on-year (YoY) reflecting a 5... for the whole year. Balance Sheet Eurosystem funding fell by 5.4 billion QoQ to 15.5 billion in Q1..., Piraeus Bank Group was operationally (rather than legally) separated into two pillars, ‘Piraeus Bank
7% -
Tusk proposals over refugee quotas puts Athens on alert ahead of EU summit
PoliticsGreek PoliticsRepublic to court over their opposition to the relocation scheme. Last year, the European commission... and the aim is for no more than 3,500 to be left at hot spots by the end of the year. This, however, has... year on the larger islands affected by refugee flows.
7% -
Growth strategy sets out reform targets, broad policies for post-MoU era
EconomyProgrammeof 2021. Sustainable growth initiatives start in the third quarter of this year, with the reinstatement... forecasts at 2.3 percent this year and 2.5 percent in 2019 on the back of improved investment sentiment... between 2021-2022 as employment will grow by 1.8 percent per year, leading to a reduction
7% -
Parties mark out battle lines for next elections
PoliticsGreek Politicssnap elections later this year in a bid to capitalise on the programme exit and any positive sentiment... that followed the murder of teenager Alexis Grigoropoulos in December of that year. This drew... elections this year, while 49 percent are against the idea.
7% -
Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economyestimates by the authorities that the situation could be contained within the second quarter of the year... bonds up to January this year and by collecting all wider sector deposits in the Bank of Greece... on the debt levels. At the end of last year, debt stood at 356 billion euros. It was meant to continue
7% -
RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece
PoliticsGreek Politicsstates for the six-year funding programme. Greece qualifies for just under 32 billion euros of funding... the country’s ten-year recession. With final version approved on Monday, the committee’s report is credited... in scope, amounting a ten-year plan for the transformation of the Greek economic model. The report
7% -
Newsletter 484 - 14/11/2025
presidency next year, interconnectivity will be a priority — and Mitsotakis will be keen to show... was stable in October with a CPI rise of 2 pct year-on-year (YoY), from 1.9 pct in the previous month... was the signing of the US-Greece Economic Security Declaration, outlining cooperation across seven pillars
7%