Search
-
PM declares tourism season open, rules out new lockdown
PoliticsGreek Politicsto that ratio, we can gradually start to open up the country,” he said. Speaking to Skai TV, Mitsotakis looked... drop by less than most experts believe (a reduction of more than 50 pct is expected by most.... The government will also be forced to come up with more, tourism-specific, support measures later
7% -
PM wants no strings attached to EU funds as ND juggles with public finances
PoliticsGreek Politics. As these interventions pile up, the projections for Greece’s public finances are being erased and re... package is mostly driven by the reduction in the tax advance, which will drop from 2.4 billion euros... lower than in April, which SYRIZA has edged up by a meagre 0.2 points. This may indicate that some
7% -
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
Economy, the total deficit is seen at 7.8 pct of GDP, on the back of 6 pct of GDP fiscal measures to prop up... the central bank waived the minimum rating requirement, could see up to 27 billion euros of debt purchased... the efforts to drop it by a quarter since the peak. Fitch also expects the pandemic to delay the plans
7% -
Public's disenchantment grows as ND struggles with Covid-19 challenge
PoliticsGreek Politicsthen, support for SYRIZA has inched up by 0.7 points, while ND has shed 0.2 points. Beneath the headline... from 23 pct to 38 pct in that time. There has been an equivalent drop in the prime minister’s... the last few months, voters’ negative view of SYRIZA has also been on the rise, up from 61 pct in April
7% -
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... to suspend operations will receive a VAT holiday up to April 30, 2021 for amounts payable in November... of bankruptcy after seeing revenues drop by around 70 percent this year. The industry is the largest employer
7% -
NBG results show net profits of 602 mln euros in 9M
EconomyBankingby the end of the year. The bank noted that new defaults remain low, as the drop in economic... and commission income came to 188 million in 9M, up by 2 percent YoY. On a quarterly basis, the figure rose by 13... top up of 3 million in the quarter. Adjusting for 429 million of Covid19 provisions incurred in 9M
7% -
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Economyin the coming years, adding as much as 2.3 pct annually during the programme horizon, up to 2026...). To that end, BoG dedicates a box in the report to its proposal to set up an Asset Management... complete their securitisations, NPEs will drop from close to 59 billion to 35 billion, with potentially
7% -
Cabinet reshuffle and Covid-19 strategy dominate agenda for start of 2021
PoliticsGreek Politicsgovernment spokesman Stelios Petsas summed up the situation in a TV interview on Sunday. It appears... and Mitsotakis is aiming to follow this up with more actions of this kind during 2021. Covid-19 The prime minister will have been encouraged by the drop in Covid-19 deaths to below 50 a day over
7% -
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBanking) stepped up its warnings regarding the pandemic’s impact on the Greek banking system. Greece’s central... of international or national crises, the sharp economic drop will have an impact on banks’ asset quality... already seen one transaction completed despite the pandemic and banks lining up transactions, the NPE
7% -
Hercules nears end of its first cycle with National Bank's participation
EconomyBankingto assist banks in offloading up to 30 billion euros in bad loans which have been plaguing... estimates that after all banks complete their securitisations, these will drop further to 35 billion euros... stability report last month, the Bank of Greece (BoG) stepped up its warnings regarding the pandemic’s
7%