Search
-
All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthat 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
12% -
Greece - On the importance of productivity growth
Agoraof 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
12% -
Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingas 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
12% -
CPI down by 1.6% in March, marking 12-month continuous drop
EconomyMacroeconomyGreece’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
12% -
Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyis 27.9 billion euros, 11.6 billion last year, 14.3 billion this year and 2 billion euros in 2022...-pandemic surveillance commitments with surpluses of 2 pct and 2.9 pct in 2023 and 2024
12% -
PM expected to reshuffle cabinet in bid to leave wildfire damage behind
PoliticsGreek Politicsin ENFIA property tax, the lowering of the corporate tax rate by 2 points to 22 pct (at a budget cost... to the GPO survey, the government’s support has dropped 2 percentage points since the last poll in June
12% -
Government U-turns again to tighten Covid measures over Christmas
PoliticsGreek PoliticsJanuary 2, include a return of the mask mandate in all public spaces, with double masks or high... to the country will be required to take diagnostic tests on days 2 and 4. The minister added
12% -
Mitsotakis targets inflation on path to elections in 2023
PoliticsGreek Politicsto move ahead quickly with the minimum wage increase, after the first instalment of 2 pct on Jan 1... popularity than the pandemic. The 2 pct increase at the beginning of the year took the gross monthly
12% -
Inflation to persist, creating more economic policy challenges
EconomyMacroeconomyMinister Christos Staikouras admitted that average inflation in 2022 will range between 1.5 and 2... as fuel prices, also thanks to the heavy tax wedge, are approaching 2 euros per litre in gas stations even
12% -
Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsinvasion. Officials are also alarmed that unleaded fuel prices have risen above 2 euros/litre... is working on macro scenarios that up to 2 percentage points being shaved off the GDP growth of 4.5
12%