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Economic diversification vital to Greece's post-coronavirus future
Agoraand cumulative basis. One area where Greece has not escaped though, is the economic contraction... future, because the reality is that demand global has fallen off an economic cliff. The effect of which... 14,000 workers, room for growth one would suspect. Greece geographical position, freight
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBankingcommented on the progress of one of its major bad loan portfolio sales, Project Galaxy. This portfolio represents one of the largest securitisations in Greece and contains non-performing loans (NPLs... calendar effect alongside lower interest contribution from loans and higher funding costs off the back
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Turkey's Aegean moratorium eases tension as Berlin tries to foster talks
PoliticsForeign Policy-off over the past few days. Ankara’s moratorium on the hydrocarbon exploration is to last for one... this on hold for some time.” The idea of a one-month suspension of activity was first heard on Monday
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Clock ticking on Greek and EU reaction to Turkish activity in East Med
PoliticsForeign Policywas one of the countries blocking a joint statement on Turkey, having been annoyed by Greece’s... with Italy and Egypt, which delineate sea boundaries. However, New Democracy was knocked off course... was that Greek navy ships would stop the Oruc Reis one way or another. After his comments caused a stir
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Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
EconomyFeaturesto a new study, but the low number of arrivals this year could shave off a tenth of national output... activity, another 1.20 to 1.65 euros is added in extra economic activity. As a result, for every one euro... domestic tourism involving at least one overnight stay came to 1.72 billion, a rise of 22.6 percent
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Hercules nears end of its first cycle with National Bank's participation
EconomyBankingthat amount, with 27 billion euros of NPEs coming off the systemic banks’ books, within one year of operation... to their pre-Covid trajectory and positive surprises to the economic outlook – as one
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Minister's clash with catering sector highlights pitfalls ahead as pandemic squeezes economy
PoliticsGreek Politicsas the coronavirus has knocked the 2021 budget off track after just the first month of the year... to Kathimerini, the food service sector – one of the worst hit by the lockdowns – is poised to seek compensation... sector. Georgiadis Apart from being one of the Greek economy’s key employers, the catering sector has
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyto 3.6 pct in the last quarter of next year. This year’s estimate is marginally lower than the one... estimate for a 8.2 pct GDP contraction last year. Greece is seen coming off deflation this year... one, issued by the Parliamentary Budget Office - to 4.2 pct, the latest estimate published this week
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Newsletter 296 - 14/05/2021
the country is best prepared to welcome visitors given it is “one of the slowest countries... show that Greece has administered at least one dose 25% of the population, which is almost five points... a repeat of last year's criticism that tourists brought the virus into Greece. holding off from welcoming
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More Greeks waved forward for vaccine as basic coverage edges to 40 pct
PoliticsGreek Politicsof immunity that might ward off a fourth Covid wave later this year. Digital Governance Minister Kyriakos... received at least one dose of the vaccine. However, the equivalent rates for the 80+ and 60-69 groups... been administered in Greece. Almost 40 pct of the population has received at least one dose, while
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