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  1. Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyProgramme

    The safeguarding of financial stability is one of the pillars of Greece’s third programme and the Supplemental Memorandum of Understanding (sMoU) has a section dedicated to the banking sector, with the focus on the secondary market for Non-Performing Loans (NPLs), debt restructuring and insolvency

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  2. Lenders set out post-MoU reform tasks ahead for Athens
    Photo by MacroPolis

    EconomyProgramme

    the programme are to be continues, with the most notable being the roll of out all three pillars

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  3. Greece 57th in WEF's Global Competitiveness Index based on new methodology

    EconomyFeatures

    The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell four places in a year, standing at number 57. The annual report, compiled and released by the World Economic Forum, tracks the performance of almost 140 countries against 12 pillars of competitiveness

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  4. Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
    Photo by Panayotis Tzamaros/Fosphotos

    Features

    A study by the Greek Tourism Confederation (INSETE) has indicated that tourism contributed between 25.7 and 30.9 percent of Greece’s GDP in 2018. The figures showed that the tourism industry acted as one of the central pillars of the Greek economy when direct and indirect contributions from tourism

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  5. New government sets sights on sustainable and wide-reaching tourism industry
    Photo by Yannis Drakoulidis/Fosphotos

    Economy

    and sustainability would be the key pillars of Greece’s ten-year strategic plan for tourism. He added that “Our job

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  6. Hotel owners sound warning over Thomas Cook revenue losses
    Photo by MacroPolis

    EconomyFeatures

    that the tourism industry acted as one of the central pillars of the Greek economy when direct

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  7. Greece tugged down in WEF competitiveness ranking by financial system, institutions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    countries against 12 pillars of competitiveness. It assesses the factors and institutions

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  8. EU's temporary framework for state aid in response to Covid-19 outbreak

    Legal

    measures that are, schematically, based on four pillars: i) measures to prevent the spread

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  9. Greece braces for deeper Covid-19 impact on economy, budget and public debt
    Photo by MacroPolis

    Economy

    abandoned. It is becoming increasingly apparent that key pillars of the Greek economy will suffer

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  10. Greece heads back to markets with 7-year bond in bid to boost own funds
    Photo by MacroPolis

    Economy

    intakes. Greece hopes to base its budget-funding strategy on three pillars. The first is to evaluate

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