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Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
EconomyMacroeconomy, as imports decreased faster than exports. The deficit for the balance of goods came to 1.27 billion euros... restrictions put in place in Greece and elsewhere to contain the coronavirus pandemic. Total exports
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EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
EconomyMacroeconomyput in place at the end of March. The first quarter movement was driven by lower investments... if sentiment improves more quickly than expects, with a positive effect on domestic demand.
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Survey shows investor interest remains solid
EconomyFeaturesyear, although lower than the previous survey (47 percent). A notable number, 62 percent, believe... that they will not change their plans for investment for the country, 28 percent plan to temporarily put them on hold
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingaverage. The central bank also notes that Covid-19 is expected to further complicate matters and put... of 2018 stock of 81.8 billion. From its peak in March 2016, NPE stock has dropped by more than a third
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomyare due to the travel restrictions put in place in Greece and elsewhere to contain the coronavirus... of the balance of goods decreased thanks to a fall in imports at a faster pace than the decline
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Clash over refugees in central Athens prompts warnings of far-right resurgence
PoliticsGreek Politicsand exclusionary. Critics blame the action on pressure being put on the city council by the right... is unclear, with the ministry claiming up to 11,000 but the programme managers estimating less than
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Turkey's Aegean moratorium eases tension as Berlin tries to foster talks
PoliticsForeign Policyin an interview with CNN Turk. Kalin reportedly said that Turkey’s President has told his aides to “put... dialogue rather than through threats. Clock ticking It seems Turkey’s moratorium has a specific
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Officials order wider use of masks as upward trend for Covid-19 cases continues
PoliticsGreek Politicsis much lower than many other European countries. Nevertheless, officials are concerned... seems to be at a standstill. The ministry insisted that safety would not be put at risk since
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Experts recommend extensive reforms to overhaul economy amid mixed reception
PoliticsGreek Politics-and-a-half months prior to the final plan taking shape. The committee’s report will be put to public... rethinking of the Greek “productive model” is more than timely given the structural problems
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Athens treads tightrope as Turkish research vessel sails in Aegean
PoliticsForeign Policy, the Oruc Reis was simply sailing in the waters, rather than conducting any research. Nevertheless..., for the area, and put its armed forces on alert, with Greek navy ships also patrolling the area in a re-run
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