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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingthat bad loans would reach 10 billion due to the pandemic were revised down to 5 billion... will also be included, however, instead of cash it will gradually write down the deferred tax
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Current account shows surplus of 79.7 mln in August
EconomyMacroeconomybalance came to a surplus of 1.61 billion, down by 63.8 percent YoY. The travel balance showed a surplus... according to these figures. Travel payments came to 54.1 million, also down 76.6 percent. Total
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBankingeuros that tightened the initial price guidance to 130 basis points over mid-swaps, down by 5 basis... runners to revise the guidance down to 125 basis points. By afternoon local time, the book closed
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Newsletter 271 -30/10/2020
motion was voted down on Sunday. All 158 New Democracy MPs voted against SYRIZA’s motion, with 133... to last year, the EEI has edged down by 0.4 points. Meanwhile, compared to October 2019, the ESI has
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Govt scurries for effective Covid-19 response as opposition finds more holes to pick
PoliticsGreek Politicsthe businesses that will have to close down from Tuesday in the high-risk areas of the country as part... for the businesses that will have to close down because of the new, month-long interventions. Employees
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Greece among hardest hit in Covid-related drop for European arrivals
EconomyFeaturesThe European Travel Commission (ETC) has examined tourism trends in the light of the second coronavirus wave and found that arrivals in Europe in the first eight months of the year were down by 68 percent compared to 2019. The hardest hit countries were Cyprus with tourism down by 85 percent
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Current account shows deficit of 498.8 mln in September on declining services and oil receipts
EconomyMacroeconomy). The services balance came to a surplus of 1.07 billion, down by 66.2 percent YoY. The travel balance showed... for the month according to these figures. Travel payments came to 49 million, also down 77.1 percent. Total
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomy, investments were seen down by 10.9 pct and exports lower by 24.8 pct. Public spending was seen... in 2020 is expected at 18.2 billion euros, broken down into 11.63 billion in fiscal impact, 1.57
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Many obstacles to clear in Greece's digital leap
EconomyFeaturesof opportunity, the pressure of dealing with the crisis is further drawing down on the limited... period of stagnation, however the vision needs to be widely shared rather than imposed from the top down
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Covid-19 data controversy rumbles on, as opposition probes on transparency
PoliticsGreek Politicsthe weekly average down to 1,757 compared to 2,337 the previous week. However, 600 patients remain intubated in ICUs, only slightly down from the all-time high of 608, and a further 85 deaths were
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