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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economya strong rebound of 7.9 pct in 2021. The Commission notes that Greece’s large dependency on the hospitality... a strong recovery of 33 pct and 35.2 pct on equipment spending. The authorities through the Hellenic
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Credit growth stays strong at 10.3 pct YoY in Mar due to corporate lending
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released... in February, with strong inflows over the last few months. The outstanding balance was 124.7 billion
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Credit growth stays strong in April with 10.9 pct YoY rise, credit to corporations stalls MoM
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in April, rising by 10.9 percent year-on-year (YoY), from 10.3 percent in the previous month, Bank of Greece (BoG) figures released... billion euros in March, with strong inflows over the last few months. The outstanding balance was 124.52
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Fitch leaves rating at 'BBB' and outlook unchanged, sees strong fiscal performance
EconomyMacroeconomythe credibility of Greece’s fiscal framework. The government has established a strong post-pandemic.... Nonetheless, the sovereign-bank connection remains unusually strong because deferred tax credits account
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More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
Economyin a sample of 1,005 very small and small companies. According to the survey, more than half of firms reported a drop in their turnover of more than 50 percent, with 32 percent indicating a decline
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economyin 2012 remaining consistently more than double the EU average. The only three countries that have... the exemption gap was 37.1 percent higher than the EU average of 32.6 percent. A similar pattern
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Omnibus bill prompts no more than rumblings of discontent from coalition MPs
PoliticsGreek Politicsinstalments between October and February, rather than the six that were originally planned to start... Democracy rather than SYRIZA. Overall, the displeasure expressed by SYRIZA lawmakers appears to have been
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Third review seen taking longer than Athens had hoped
PoliticsGreek Politicsis considered easier than previous inspections by the creditors. The official’s comment, though, indicates... stance on the Greek issue than the SPD and Merkel’s CDU and this may upset Greece’s hopes of seeing debt
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Economyover mid-swap. Market reaction was positive and by 11 CET the books had more than 11 billion euros... of 0.888 pct. More than 300 accounts were drawn in, dominated by real money. Hedge funds accounted
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Newsletter 224 -25/10/2019
, IOBE put out its latest forecasts for the Greek economy, suggesting that growth of 2.3 to 2.5 percent..., when it will be clearer if the total amount will be more or less than expected. On pensions... that it will put future retirees at risk. The proposal is set to be incorporated in the pension reform bill
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