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Greece on alert over Turkish maritime plans, senses EU backing
PoliticsForeign PolicyAthens is on alert after Turkey announce plans, via a NAVTEX advisory on Tuesday, for a seismic survey south and east of the Greek island of Kastellorizo between July 21 and August 2. However, diplomatic contacts are being made behind the scenes in a bid to defuse the situation. Germany
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Newsletter 259 -24/07/2020
and financial instruments totaling 1.58 billion euros, with approvals amounting to 743 million euros. 2
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Athens hoping for de-escalation in Aegean as it seeks pension backpay solution
PoliticsGreek Politicsthe necessary weight to have an impact on Erdogan’s decisions. The NAVTEX is valid until August 2, which means
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking. In Q2, NII reached 367 million, higher by 2 percent YoY and quarter-on-quarter (QoQ). Asset quality NPEs
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Govt, experts sound alarm over risk of Covid-19 control being lost
PoliticsGreek Politicsnumber of infections. Around 24 percent of positive tests between July 31 and August 2 were from
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Newsletter 261 -07/08/2020
non-gg (5.89 billion) and gg (3.97 billion) entities. 2 Unemployment rate jumps to 17 pct in May
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Banks step up securitisation drive following pandemic interruption
EconomyBankingon the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1
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New data highlights pandemic impact on enterprises as turnover falls sharply
EconomyFeaturesactivities (-2 percent). Regarding the 205,984 enterprises that were under suspension of operation
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Grim picture in labour market obliges govt to provide more job support schemes
EconomyFeaturesof Labour has said that 1.5 billion euros in relief has been granted to almost 2 million workers. Broken
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Economic sentiment at 90.7 in Aug, construction and retail dip
EconomyMacroeconomyworsened by 57.6 points. Retail trade fell by 2 points month-on-month to -20.3 points, and worsened
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