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Q2 rise of 7.7 pct in apartment prices marks 12-year high
EconomyMacroeconomyin the household loan sector's balance falling to 55.09 billion euros. Building activity rose by 7.4.... However, the total for the year is roughly 84 percent lower than the 2005 peak. Much of the current building activity also centres around refurbishments rather than new builds.
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ND promotes positive narrative abroad, away from inquiry clash at home
PoliticsGreek Politicsto more than 70 investors on Thursday, updating them on the government’s plans regarding tax cuts... to 30 billion euros of NPLs from banks’ balance sheets as soon as possible. The plan has been submitted... than the expected 1.9 percent this year and could even reach up to 3 percent in 2020. He also
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Deadline looms for troubled home protection scheme as insolvency law is lined up
Economyat more than 57 billion euros, 43.1 percent of which are non-performing. Meanwhile, 47 percent of bad.... This led to less than 60 proposals by the banks for settlements via loan restructurings, with just 10... to free banks of any obstacles to improve their balance sheets and extend credit to the real economy
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Unemployment drops to 16.3 pct in December
EconomyMacroeconomyfor January showed that there were 17,318 more firings than hirings. Compared to the same month last year, there were 5,015 more people hired than fired. Ergani noted that the month of January has registered a negative balance for each year except for 2014. Total hirings came to 177,632 versus 194,950
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OECD Better Life report finds Greece still lagging in life satisfaction
Society, safety, work life balance, social connections and civic engagement. In general, the report found... percent of poor households in Greece spent more than 40 percent of their income on housing... in Greece fare notably better than young people for employment, earnings and voter turnout among others
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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek Politicsthese interventions. It will have to agree a primary surplus target of less than 2 pct of GDP next year... of 550 million euros so far this year. The Bank of Greece travel balance published on Friday showed... Macedonia was publicised, it was done transparently and via public services rather than a private
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Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals
PoliticsGreek Politics. This was more than 60 pct of the total. The equivalent percentage in the last 10 days of June was just... visitors from abroad. If the number of cases rises to, and remains at, more than 50 per day... for the government. The two factors it had to place in the balance were the risk of allowing the disease
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyannounced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined with the small recession of the first quarter, this signals that the impact on the economy is sharper than.... However, the PBO urges the authorities to form a medium-term plan that will restore fiscal balance
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomywill skyrocket by more than 30 pct, exports will also rise impressively by 22.2 pct and imports... by more than 5 pct, leading to a lower unemployment rate of 16.5 pct, while price rises will resume... front, the deficit this year will reach 14.7 billion euros, or 8.6 pct of GDP. The primary balance
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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeatureslooking more disruptive than the first, the more adverse scenario of a GDP contraction of up to 10... with more than 100,000 dependent members. The latest employment figures from Ergani as of September showed that the three sectors with the highest negative hiring balance were catering service activities
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