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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economythe business environment and attract private investment that will sustain the economic recovery and push up... is for them to drop to 20 percent of total loans by 2021. The economic recovery, improved real estate prices..., the timeframe and the actual take up by the banks. That said, the funding of Greek banks has improved thanks
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgramme, accelerating privatisations and pushing forward initiatives to clean up the balance sheets... formula and to drop the recently introduced ‘pension bonus’. Aside from Greece’s efforts, the IMF..., following the expiry of the 120-instalment deadline. The redesigned scheme will reportedly offer up
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Car sales rise by 22.9 pct in September
EconomyMacroeconomyon Wednesday. In September 2019, the year-on-year change showed a drop of 0.8 percent. Car sales... sales rose by 24.9 percent with the absolute figure standing at 12,109. The remainder was made up... period, totalling 149,340. The remaining sales in the first nine months were made up of motorcycles
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Industrial production edges down by 0.3 percent in October
EconomyMacroeconomywith a drop of -10.2 percent. Within the mining and quarrying index, the biggest decline was seen in mining... up to 54.1 points in November from 53.5 points in October. The headline figure indicates the fastest... picked up during the month with output the strongest since August. The growth was led by both
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Newsletter 237 -31/01/2020
drop in the approval rating, to 30 percent, over the Macedonia name issue, but the area in which.... The government has also come up against complaints from local authorities and residents in mainland... of the post-programme monitoring. The institutions would also like the pace of auctions to pick up
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Bumper year for business launches in 2019, according to registry
EconomyFeaturesnegative for each year except for 2016, when a 26.4 percent increase was noted. The largest drop... in 2017 and has picked up pace ever since, hinting at the positive sentiment that business owners feel..., three procedures across four days were involved in the process of setting up a company in Greece
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Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions
EconomyProgrammeThe government is lining up a new set of economic measures to help businesses struggling due... resulting from the drop in economic activity will not affect compliance with the applicable fiscal rules... legislative changes. The European Investment Bank is also looking to make up to 40 billion euros
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Poverty declined in 2018, births continued to lag behind deaths
Societybeen married for 10 or more years made up the majority of divorces at 68 percent. The majority... ownership of houses edged up to 64.4 percent in 2018 from 63.9 percent in 2017. The next largest... to 210,272 in 2018, recording a drop of 5 percent compared to 2017. Serious felonies rose by 2.2
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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
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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
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