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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
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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
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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
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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
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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
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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
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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
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Newsletter 285 - 19/02/2021
accusing Mendoni of a cover-up. A subsequent announcement by SYRIZA presents a timeline suggesting... extremely wealthy individual or family – to set up shop in the country. The legislation requires... pct YoY in January Apparel and transport lead drop in index CPI has remained consistently negative
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
EconomyBankingquarter -- Alpha’s NPE and NPL ratios will drop to 24 percent and 13 percent respectively, from 43... is on a levered basis, while the bank has further upside through an earn-out of up to 68 million euros if certain... long-term funding facility of up to 120 million euros, which Davidson Kempner can draw from at its
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Employment balance positive by 27,233 in Feb; highest since Sept
EconomyMacroeconomy, however, was the big drop in both hirings and firings. Total hirings in February came to 98,428 versus 71,195 departures. That only just makes up more than half the activity seen in the same month... for full-time work came to 64.4 percent. During the month, part-time and shift work made up 31.2 percent
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